RVR 0.00% 7.3¢ red river resources limited

RVR will have a take over bid on the table within 6 months., page-21

  1. 13,527 Posts.
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    Even if expected costs are revealed, it still wouldn't mean much yet since those prices may vary significantly as will the overall grading and gold price and exchange rates as ore bodies are sorted and commodity finally sold.

    Expected costs mean a lot as it establishes a margin between mining/ processing expectations and the prices of GOLD and ANTMONY at the time its given...the size of that margin is the buffer one can finally base some decisions around. Obviously the bigger the better..

    The fact that prices and recoveries may be above or below in the future is an ongoing reality for any project but there has to be a starting point and that will be based around well considered assumptions from historic information and new information with ANTIMONY being the credit not GOLD.

    Unlike a DFS where cost estimates are often years away from being put to the test and usually involve building a new plant at considerable cost, we will be in action within 9 months ( hopefully ) with an existing plant broken in and paid for , assisted by GOLD from Bakers creek.

    About 3 or 4 months after that we will have a very good idea if estimates match reality...

    Cheers Whisky

 
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