RVR 0.00% 7.3¢ red river resources limited

SP tracking beautifully, page-27

  1. 703 Posts.
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    Hi Investbest,

    Much of what happens with charting is just visual representations of momentum and the presence of momentum is one factor that peer reviewed journal articles will clearly say differentiates stock prices and Brownian motion.

    I would say that anyone investing in RVR who is not expecting a significant extension of LOM is nuts. The drilling results that are already in at Far West would have to support a LOM extension already. And the results at Liontown East look like they certainly have the potential to do the same with further drilling that RVR is undertaking aggressively. The Zn price may not triple from here, but it's as sure as anything in investing that it will go significantly higher. Zinc is the major metal that all the pundits say has the best fundamentals (cobalt looks good for a minor metal). Zn smelters can't get their hands on enough concentrate to continue at full production. LME stockpiles are at multiyear lows. These things aren't guesswork.

    Cheers,
    Tim.
 
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