RVR
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0.00% 7.3¢ red river resources limited

Zinc stocks falling rapidly, page-70

  1. Plext
    10,580 Posts.
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    26/03/19
    22:18
    Post #: 37893327
    Its economic now.

    This company is developing a second mine and thats why cashflow has gone backwards. About a year ago I thought they were going to have to raise capital but they have negated this and still have a $10m line of credit and enough cash to coinside with the slowing development spend verses new production.
    Zn is heading for $2900 tonight,, I've got $2904 on my mind.

    more shutdowns ...


    https://www.mining-journal.com/base...trike-hits-sierra-metals-yauricocha-zinc-mine
    Last edited by Plext: 26/03/19
    RVR Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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