RVR 0.00% 7.3¢ red river resources limited

Ann: Change in substantial holding, page-7

  1. 13,419 Posts.
    lightbulb Created with Sketch. 4573
    Mel has already stated 30% more next quarter for prodcution

    He is EXPECTING between 90-100,000/ t based on current production, a 30% increase puts us around 96,000/t for the quarter or right in the middle , hopefully the next 2 months can maintain the momentum.
    As we saw in the last quarter ore processed increased from the previous quarter by 12,000 / t but revenue stayed much the same , that was due to lower grades and that's where the most potential lies for a good quarter , increased grades can turn a 30% increase in processed ore into a larger increase in concentrate sold hence increased revenue...certainly shaping up to be a much better quarter at this stage, which would be welcome as we approach the start of Syndicate.
    Also nice to see the AUD falling out of bed which offsets a slight weakening in ore prices..

    Any improvement over the previous two quarters would nice...

    Cheers Whisky
 
watchlist Created with Sketch. Add RVR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.