RVR red river resources limited

Exactly Tim financials are for quarterlies and Annual...

  1. 13,922 Posts.
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    Exactly Tim financials are for quarterlies and Annual reports...the 122Kt of con centrate over the next three years ( as per off take agreement below) will almost certainly be increased as we go forward but that can't and won't be predicted at this stage by management, only when the through put is increased , grades established and contracts adjusted will they have a handle on that...so the cash has started to roll in from Zinc with Copper and Lead to follow..EXCELLENT...

    "The Offtake Agreements are in respect of 122,000 dry metric tons of zinc concentrate and 27,400 dry metric tons of lead concentrate, with pricing being determined by reference to applicable metal prices on the London Metal
    Exchange at the time of shipment, with tonnage expected to be shipped in the first 36 months following commencement of commercial production. Under the terms of the Offtake Agreements, zinc and lead concentrates will be trucked approximately 200km to the Port of Townsville, for onward delivery to customers."

    Cheers Whisky
 
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