Its all about forward agreements/partners, proving up more and more reserves, and continuing exploration...the revenue is the revenue and will change based on macro factors.....it aint a company maker
In the end they go hand in hand , all the agreements, exploration etc amount to nothing if you can't make a profit, without making money you can't make a company. RVR very existence is a result of failed mining companies who I'm sure had dreams of greater things.
RVR is a classic example as it grows using its own cashflow, without that it goes nowhere unless it loads up on debt or dilutes to within an inch of its life, neither of which is ideal.
The shareprice is just a reflection of that. To date RVR has done well with that approach and long may it continue, but only because of high commodity prices and a weak AUD, combined with prudent management and no debt.
Cheers Whisky
RVR Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
