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7.3¢ red river resources limited

This will only get bigger and bigger there is plenty more gold...

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jojosydney

9,509 Posts.

661

17/08/20

10:34

Post #: 46586600
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Originally posted by Yuk1 ↑

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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This will only get bigger and bigger there is plenty more gold in those hills and high grades to top it of.
Give this time and we will see what a money earner this will become and by that time this company will be a lot more worth then today's price.

RVR Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
16 Upvote

2 Great analysis

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