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7.3¢ red river resources limited

Don't sweat it, page-65

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Scagnetti

52 Posts.

10/09/17

21:43

Post #: 27118023
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Originally posted by Vector ↑

Plummage - RVR have 5 deposits which make up the restart project which are still open in multiple directions. I am reasonably certain that they should have little problem increasing the LOM & fill the capacity of the existing mill in the next 12 mths. I'd suggest to take a look at the recent resource extension drilling at West 45/Far West, very good grades which should all add up to resource upgrade in due course. This is not to mention the very good potential exploration targets. I would much rather them spend the money to find the extent of existing mineralisation and turn this into a resource/reserve which is likely to give a far better payback.

Scangetti - offtake contracts usually confidential but based on the information in the market it was a very competitive process. Not sure what the offtake has to do with not being exposed to spot zinc price though? Typically most offtake contracts are based on the average price around the month of concentrate delivery so they are exposed to the price of Zn.

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Thank you. I thought it may perhaps have been a fixed-price contract (I know gold producers sometimes enter these types of arrangements)

RVR Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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