RVR
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0.00% 7.3¢ red river resources limited

Peel Mining PEX valued at $76m at 55c/share. RVR valued at $140m...

  1. Tremonti17
    184 Posts.
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    15/11/17
    10:51
    Post #: 28804046
    Peel Mining PEX valued at $76m at 55c/share.
    RVR valued at $140m at 29c/share. $125m if $15m cash deducted.
    PEX has a few good zinc drill results but years away from mining.
    RVR has fully developed mine, plant worth around $150m according to Mel and producing into high cyclical metal prices.
    PEX share price has to fall or RVR has to be rerated.

    Attended Cutting Edge press last night. Mel very enthusiastic about multiple exploration targets within trucking distance of mill. Expect continuous news flow next 6 months.
    RVR Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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