Agree completely BL - Rvr is in a great position and is fortunate to have extremely positive tailwinds behind it at the moment. However not having hillgrove already up and running after having owned it for 2 and a half years is becoming a concern. And with labour extremely hard to come by and expensive at the moment it would not surprise me if it's still months away. Having said this I am happy to hold my long term parcel for now as the potential upside is looking seriously impressive.
Some back of the envelope calculations I have this Q producing around 37mill in revenue (I will not speculate on expenses but I imagine due to energy prices and labour costs they'll also be up). Far west at these prices going forward could end up doing a couple of Q at 40m with production around 95-100ktpQ
The hillgrove start up and syndicate resource is where it gets interesting and exciting. At 75% recovery I have the mine producing close to 40-45m a Q at current prices which would add significant value to RVR however a lot of uncertainty obviously still surrounds hillgrove.
I hope for long term holders sake they are rewarded handsomely for what has been a very bumpy few years as well as management for what has been an uncertain time and navigating the company without any cap raises.
Let's see what the Q brings until then let's hope commodities continue to rally and RVR continues to charge ahead.
imo dyor gltah
RVR Price at posting:
25.5¢ Sentiment: None Disclosure: Held
