Ann: Hillgrove Gold-Antimony Project Pre-Feasibility Study, page-632

@HeliosUK
that Ann’s was on 1/9/22 Eleanora -garibaldi and
Rvr was suspended 10/22
Continued drilling in bakers creek until 11/22
But put on admin on the same month


Therefore all these drillings by rvr since acquiring hillgrove in 2019 would not have been included in jorc mre (guys correct me if wrong)

It seems they also were cash strapped to do a proper restart

the more I read, i understand why people might have some issue with hillgrove but this is not about Hillgrove itself, but more so on rvr’s mistakes or poor strategy to restart the mine


The DD done by LRV with circa $73m capex will address those mistakes. Even gutted rvr holders (at least some of them) have positive view of the deposit. Ron’s explanations on what need to be undertaken as part of a proper re-start sound good to me. But I’m reading ano bit more. One may think rvr tried to operate the mine and therefore can be restated easily, but that thinking needs adjusting. Lrv needs to do it properly with enhancements such as those outlined in the PFS and not rush into it.
Extensive drilling also makes sense whilst advancing the DFS and funding

Lrv remains extremely undervalued for what it’s got now (lots of au, sb and a mine and processing plant) and the near term production trajectory


The gold and antimony economics are at all time high.

all imo