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7.3¢ red river resources limited

Ann: Maiden gold resource for Hillgrove Stockpile, page-9

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28/02/20

11:51

Post #: 43210951
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Originally posted by kemj ↑

I have a feeling they will go even lower depending on Thalanga. They need that mill to be spot on. No hiccups. Zinc at .92 USD/lb will really test their mettle. They should be able to hold their cash costs below that but development costs will be a challenge. I guess we will know after the next quarterly comes out.

Until then the price will swing with market perceptions of the effect of this corona virus on zinc prices. I expect one last big panic as WHO concedes the word pandemic and this I believe will knock zinc right back temporarily. After that provided the economic damage is not terminal the market for zinc will recover in due course.

Who knows but I am glad I have RVR and not New Century Zinc. IMO those poor bastards are going to be smashed really really hard. At least with RVR they could idle Thalanga for a while and sort out some cash flow from Hillgrove. NCZ do not have that option.

GLTAH and DYOR.

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There's plenty of gold near Thalanga that we might me able to do something with, even toll ...

RVR Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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