RED RIVER RESOURCES LIMITED (ASX:RVR) - Ann: Appendix 4D and Half Year Report - 31 December 2021, 60021159, page-60 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by mining=$: ↑

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

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Some back of the envelope calculations I have this Q producing around 37mill in revenue

The best quarter for Thalanga operations alone was the Sept quarter last year and generated $36.4 in gross revenue, it also recorded the highest concentrate production for everything except ZINC. While its unlikely those concentrate numbers will be met, commodity prices are 20-30% higher on average since then so your $37m in revenue this quarter is certainly possible...should be a good profitable quarter regardless..

Hillgrove startup only becomes a bit of a worry in the second half IMO. While it would be nice to have it contributing now the ore isn't going away and any revenue will be gained later, possibly at higher peices , the main thing is having continuous revenue from whatever sources untill Liontown starts up and that's unlikely to be a problem.

ANTIMONY and GOLD prices so any delays at Hillgrove may have some advantages especially as Syndicate is ANTIMONY rich.

However It does add wage costs while Hillgrove isn't producing but will be mitigated to some extent by reduced development costs at Far West.

Cheers Whisky