RVR 0.00% 7.3¢ red river resources limited

Hartleys latest report looks great, page-2

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    12 Jul 2018

    Share Price

    $0.220

    Valuation
       
    $0.60

    Price Target (12 month)

    $0.60

            Brief Business Description:
        Base metals producer & explorer
    Hartleys Brief Investment Conclusion
    Thalanga operations restarted and now Australia's newest zinc producer with copper, lead, gold, and silver credits. Mine life extending. Production increases anticipated.
    Chairman & MD
          Brett Fletcher (Chairman)
    Mel Palancian (MD)
    Donald Garner (Exec Director)
            Top Shareholders
        Tribeca Investment
     
    7.3%

    Directors & Management
     
    3.9%

                    Company Address
        Level 6, 350 Collins Street
    Melbourne, VIC, 3000
    Issued Capital
       
    489.9m

      - fully diluted
     
    505.1m

    Market Cap
     
    A$108m

      - fully diluted
     
    A$111m

    Cash (est)
     
    A$20.2m

    Debt (est)
     
    A$0.0m

    Debt (undrawn)
     
    US$10m

    EV -current
     
    A$87.6m

    EV- fully diluted
     
    A$88.5m

    Prelim. (A$m)

    FY18e

    FY19e

    FY20e

    Prod (Kt ZnEq)
    13

    27

    39

    Op Cash Flw
    16

    46

    52

    Norm NPAT
    11

    29

    43

    CF/Share (cps)
    3

    8

    9

    EPS (cps)
    3

    8

    9

    P/E
    6.9

    2.7

    2.5



    Mt

    ZnEq (%)

    Resources
     
    5.6

    13.1

    Reserves
     
    2.1

    11.9


    Column 1
    0 Hartleys has provided corporate advice within the past 12 months and continues to provide corporate advice to Red River Resources Limited ("Red River") for which it has earned and continues to earn fees. The analyst has a beneficial interest in RVR shares.
     
    |  [/table][/table]
 
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