RVR 0.00% 7.3¢ red river resources limited

Quarterly Production, page-13

  1. 3,465 Posts.
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    Thank you...we should have last qtr production numbers any day, my thoughts on this at the top of this discussion.

    I am assuming your mates think RVR haven't enough funds to develop the gold....Yes I think this is something everyone should consider....with Hillgrove and Liontown both to be developed how will they be funded....Rvr have proven to be able to self fund low cost development so far at Thalanga....we do have access to $10m USD from Traf. plus retained cash prior to needing to raise any money.

    The Liontown Queens Lens is a shallow deposit so probably be developed by opencut based on a contractor model, ore transported to Thalanga by haulage contractor so at a low capital cost to RVR.

    I think Hillgrove will be a staged development avoiding the previous owners mistakes of poor execution and exuberant expenditure.

    Interesting 6 months ahead.







 
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