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7.3¢ red river resources limited

Nice to see Zinc inventories heading in the right direction...

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fightinggreed

701 Posts.

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20/07/17

16:09

Post #: 25987002
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Originally posted by thaiinvest ↑

If you look at the LME data every 2 months we get a small dump back of zinc stock into the LME inventory and a pull back in the zinc price however these reverse movements seem to be getting smaller and smaller - the trend to lower zinc inventory and higher zinc pricing is still in place.

Once we hopefully get some more news
- The reserve upgrade and LOM increase
- Commissioning of the mill (I expect with the ore already on the ROM pads - they are testing and commission each bit of equipment as they repair and replace and once all the individual pieces are tested (which I would imagine they are doing at the moment) they will then proceed with a full mill run commissioning of the plant
- Sign of Zinc off take contract - they are possibly waiting for actual sample product to finalise this

One day we will wake up and this stock will be rerating strongly - but till then stand easy

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Nice to see Zinc inventories heading in the right direction again. Just a one day blip, nothing like what was happening 18 months ago.

RVR Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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