The last quarter had cash flow estimated for exploration and development of 4 m
The key is that a lot of money has been spent on capex and getting the mine operatining well. Ore mined is as target , ore stockpiles will be significant this quarter as processing is less than ore mined and all these things ultimate find their way into cash flow over time. The Zinc price has come off and impacted sentiment but what I find odd is that people are taking market commentary about zinc supply and price as gospel where my experience in the areas of oil , IO and gold is these projections are often shockingly wrong.
The business has been marked down significantly , and it has whipped of value of reserve and resource growth. I also think the chances of the likes of an MgX among a tilt are not as remote as some would think
RVR Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
