Ann: Half Year Report - 31 December 2020, page-55

This was an excellent half yearly result with strong cashflow and profitability. At this level of cashflow/profitability, RVR is currently trading on a P/E of about 6x and a P/Cashflow of around 3x. Of course, this needs to be viewed in light of the limited remaining ore reserves at Thalanga. A director bought on market in early Feb, a good sign. My only reservation with this one is Hillgrove - I'm nervous about these gold/antimony deposits - HGO spend million and millions trying to make it work without success. Another seemingly similar deposit that springs to mind is Hill End (owned by PUA) - on paper it looks great but it's never been developed even though its been around for many, many years under various owners. I hope I'm wrong on Hillgrove.

GLTA & DYOR