The way I read the announcement was the rain and flooding had limited the ore going to the plant. I did say i would like to see a larger ore stockpile coming into this time of year. I'm sure they said they could play catch up last time if they needed but looks like the are repeating this same line again this time the ore has been slower to come surface.
Another 10,200 tonnes added to the LME last night probably the cause of $100 drop in Zinc price.
USA consumer inventories report doesn't help much either.
@Leeroys I see the above issues Trumping the RVR share price until we get that new mine plan, it's cost and the resource upgrade leading into the LOM.
IMO RVR is a great longterm buy however the newsflow has not been inspiring. I think the LOM report will see RVR back to the mid 30s but that's going to come from the mid 20s ... As I said long-term....
RVR Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held