RVR 0.00% 7.3¢ red river resources limited

Ann: RVR increases Hillgrove gold resource ahead of restart, page-3

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  1. 258 Posts.
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    Couple of general comments:
    - RVR have been conservative in their resourcing - assuming a US$1234 per ounce pricing for cut-off grade..so there's likely to be a lot more gold actually mined.
    - There is still a significant portion of 2004 stated resources to be upgraded to 2012 JORC.
    - Over 400,000 ounces with which to complete a maiden 2012 reserve statement.
    - Minimum 10 year minelife, which is fantastic for an aussie gold mine.
    - On site infrastructure in place.
    - Potential for a 1Moz proposition.

    All IMHO, DYOR, but a fantastic release.
 
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