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7.3¢ red river resources limited

Ann: Red River completes transformative December quarter, page-29

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Beachlover

2,297 Posts.

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12/01/21

13:49

Post #: 50111629
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Originally posted by mining=$: ↑

Done some very quick calculations on the spreadsheet and yes it looks as though we are going to see 29-31mill in revenue with cash flow between 8-9 million depending on development costs at hillgrove. This is a great result as we are still printing cash while expanding the business at the same time. People may be disappointed when seeing these numbers comparing revenue and potential cash flow from last Q. However you have to remember the liontown tailings were expenses in q4 and profit and revenue were recognised in Q1 to my understanding so the 35.6mill rev was inflated and not really possible unless production goes above guidance and grades increase. However with hillgrove and then liontown running at full steam we will be laughing at 35mill rev imo

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hopefully, the $30 revenue will just be hillgrove gold in 3q; thats my ambition! the rest is gravy

RVR Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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