RVR 0.00% 7.3¢ red river resources limited

Ann: Change in substantial holding, page-7

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  1. 13,525 Posts.
    lightbulb Created with Sketch. 4614
    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
 
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