RVR 0.00% 7.3¢ red river resources limited

To hopefully add some context to the dramatic fall and recent...

  1. 560 Posts.
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    To hopefully add some context to the dramatic fall and recent recovery in RVR's share price.

    This chart plots the daily adjusted forecast life of mine (LOM) revenue from the 2015 Thalanga Restart Study (112kt zinc, 19kt copper, 26k lead, 10koz gold, 1.9Moz silver) against RVR's share price since commercial production was declared on 31/12/2017.

    https://hotcopper.com.au/data/attachments/2398/2398508-e0f03c6a07a490eac0697db9a923a9b3.jpg

    Obviously things have changed since 2015 - e.g. Thalanga Mineral Resource has increased substantially and RVR will potentially have a producing gold mine by end of calendar year - but it's a simple correlation that I've used over the past few years to try predict which direction RVR is heading.

    Personally I am a fan of this management team, but they can only control so much.
 
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Currently unlisted public company.

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