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