this is the mother of all tree shakes.
Weak hands will lose here for sure. RVR has been treated like a stock which is either speculative or a failed miner who just had a mine collapse. just remind ourselves of the fundamentals here while we see a steep decline in sp since the quarterly has been released.
1- 22 millions cash in the bank
2- 10 million dollars of undrawn debt
3- absolutely and completely debt free
4- a producer /seller of zinc since October 2017
5- second mine coming on line in next 6-9 months with a LOM of 7 years
6- Zinc prices still at record high and global stock levels at record low i.e. zinc bull run is far from over.
Have I missed anything?
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- Ann: Quarterly Activities and Cash Flow at 31 March 2018
Ann: Quarterly Activities and Cash Flow at 31 March 2018, page-85
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