Unlike many small miners, Red River is not some equity destroying beast that never creates shareholder value.
The team generated $13.6m in free cashflow in 6 months, after all capital expenditure and all exploration costs. Debt repayment drained $6.4m. That leak has been sealed given we're now debt free.
Hillgrove won't be contributing free cashflow while the gold in circuit is building so rapidly. It will as we get nearer to nameplate and steady state.
RVR Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
