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7.3¢ red river resources limited

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neptune61

2,005 Posts.

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21/01/22

13:26

Post #: 59040822
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Originally posted by Whisky49: ↑

Yesterday's announcement simply establishes that they have found mineralisation where drilled, it may lead to something bigger or may not but 2.3 % ZINC Eq isn't economic and that grade will be based on today's high prices.

Given the strength of commodities , the likelihood this quarter is almost certain to be an improvement on the previous one and likely some positive announcements in the near future I will be dipping will dip my toes back in today for a partial return... I'm doing that on the basis of a combination of Far West and eventually Hillgrove maintaining adequate cashflow and repaying debt. Liontown will be an expense for at least another 12 months IMO.

As always I have no idea what the shareprice will do or the markets in general but I feel the downside is limited at this stage...

Cheers Whisky

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Welcome back Whisky.

RVR Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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