RVR 0.00% 7.3¢ red river resources limited

Ann: Quarterly Activities Report March 2022, page-17

  1. 5,515 Posts.
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    Did they put more lower grade ore through the mill due to high price of the metals? That's usually a good strategy when prices are high. It extends life of mine. As long as they break even cash flow wise, which they pretty much did (just). Even if that's not the case, they mined less ore so the runway is longer and will hopefully help bridge the gap till Liontown is producing. Not what I was expecting, but omicron would have caused a lot of disruption, so not really surprised either. IF everything is back on track, as they say, then this quarter should be a boomer.
 
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