For the sake of the facts, below is RVR's fundamentals vs share...

For the sake of the facts, below is RVR's fundamentals vs share price since early 2017:



Notes and Comments:

- Chart begins on 16/01/17, the date 86m shares were issued as part of Tranche 2 of the A$30m raised @ 18.5c
- Shares on issue at 16/01/17 were 467m (493m fully diluted) vs current shares on issue of 490m (505m fully diluted), i.e. minimal dilution over the 22 months
- "Annual revenue" is the forecast annualised revenue, taking into account daily fluctuations of exchange rate and prices of zinc, copper, lead, silver & gold
- Throughput used is approx. 325kpta (1.7Mt / 5.25yrs) as per the 2015 restart study, in line with current rate of production
- Annual revenue for the restart study was A$120m, generating annual free cast flow of $28m (pre-tax)
- The last time RVR's "fundamentals" projected annual revenue below $120m was 8/11/16 when the SP was 16.5c
- When the SP peaked at 40.5c in January, the projected annual revenue was $155m
- As of 18:40 AEST today, projected annual revenue sits at $138m - the last time it was this level was 4/07/18 when the SP was 25c
- Throughput is expected to reach nameplate capacity of 650ktpa in 2019 after Far West comes online (i.e. annual revenue to double)
- Thalanga's Mineral Resource was last reported as 7.1Mt (July 2018), meaning it has the potential run at nameplate capacity for over 10 years

(Deleted the previous post after uploading the wrong chart)