RVR 0.00% 7.3¢ red river resources limited

I have chucked the production numbers into my spreadsheet and I...

  1. 1,087 Posts.
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    I have chucked the production numbers into my spreadsheet and I think you will get a bit of a rude shock if you expect the highest revenue Q ever... I was even generous on the amount we sold and still only came up with around 28-29mill in revenue for this Q. Mining rates will be lower and therefore costs however I took into account some larger spending at hillgrove and we are probably only going to see a few mill added to the bottom line last Q imo. However as some have pointed out this Q and the next will see development costs decrease at far west and as confirmed by Mel when I have spoken to him we will see the very high grade stopes we saw the numbers of last year ie 5% copper etc being mined at the backend of this Q and next. That will create a larger saleable concentrate and also reduce costs or production. Combine that with the dry season and a hillgrove ramp up it should be a very solid two Q coming up given commodities are at their record highs (which I expect to continue) as well as zinc treatment charges at multi year lows. Great time to buy in over the next couple of weeks imo dyor gltah
 
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