Thanks Pittwater, point noted on the royalties. However, according to their last quarterly, there was 15KT of ROM stocks ready to go at the end of the last quarter (according to June 30th report) which they don't have to pay to extract, plus they have made advances on the copper recovery circuit. Lower commodity prices may have affected RVR this quarter, but am not sure on the payment terms for product sales and when the price for their concentrate is struck (which may trigger downside or yield further upside). Would be interested to hear other peoples opinion..
RVR Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held