RVR 3.23% 9.6¢ red river resources limited

sanity check

  1. 470 Posts.
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    guys, i dont want this to be an outlandish comment but what is wrong with the logic here.

    1) say they can create additional $20-30m of cash flow from the current hillgrove "waste", this would imply just over half a ton of gold.

    2) additional zinc/copper net cash flow say 10-20m

    3) total net over FY21 of say $40 cashflow generation.

    at an earnings multiple of 7x (conservative) this would mean $280m market cap would be about right.

    thats 10x todays market cap; equating to 50c share price.

    what is missing here apart from expectation that we will get $20-$30m from hillgrove within a year and zinc prices will improve?

    im bamboozled with todays market cap
 
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