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7.3¢ red river resources limited

Ann: Far West recoveries exceed expectations, page-36

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Zeeshan

7,653 Posts.

618

27/03/19

15:48

Post #: 37902743
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Originally posted by wassa: ↑

Hopefully you are not invested in Retail Food Group.....that could explain why you are unhappy....they have no money either.

Yes it is a pattern. All mining companies have the same problem, explore, drill, develop, mine, rehabilitate....and then more of the same.

A few positives, a longer life Far West mine therefore decline, development, ventilation costs spread over greater tonnage LOM, higher grade in Far West, better recoveries as reported today, higher volume Liontown project.

Additionally it should be remembered that RVR paid only $6.5m for the Thalanga operation, mine, mill, mining leases..... The operation was closed......It was no Rolls Royce.....A lot of money and effort has been expended on re establishing and improving site operations, developing processes, stocking the minesite and tooling up for mining and processing..... This all comes at a cost..... Essentially this is now all in place.

Mining is not without it challenges or risks.......the company knows that....the workers should understand that......and so should the investors.

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no i am not invested in RFG,

I forgot to put #sarcasm at the end.

Let me know when this operation becomes a low cost operation as Mel "informed" us share holders 2 years ago.

RVR Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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