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Rio2 Limited (RIO.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.66000.0000 (0.00%)
At close: 03:40PM EST
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  • M
    Michael Dale
    Disclosure: US Shareholder. Long-Term Bullish.

    Strengths:
    100% oxide gold resource in Chile. De-risked with investments from Sprott and BNP Paribas. Established gold stream deal with Wheaton Precious Metals. Financing arranged to fully fund production of mine. Pre-feasibility study complete. 5M oz measured and indicated. 1.8M oz proven and probable. 1.4M oz inferred. Estimated 16-year mine life.

    Weaknesses:
    No revenue to date. Junior miner risks. Awaiting final permits. Plan during early stages of mining is to truck water to site. RIOFF is an OTC Market stock.

    Opportunities:
    Ability to launch mine operations soon, which should start revenue in 2022. Macro tailwind for precious metals.

    Threats:
    Chile elected a socialist president. Risk of environmental activists and/or protestors. Unknown or unrecognized threats.

    What strengths, weaknesses, opportunities, and threats have you identified? Any corrections or updates needed?
  • S
    Satisfied Customer
    I would love to see some renewed interest in the mining sector. Something tells me 2022 is going to be a lot more interesting than 2021
  • P
    Pablo
    This will be at least a 5X and likely 10X from today’s price.

    “ Current guidance for the timing of development of the Fenix Gold project is for pre-construction and lead equipment orders to commence in Q2, 2021 and first gold production is targeted for H2, 2022.”
  • S
    Satisfied Customer
    We should be getting news on how they plan to finance the construction any day now
  • D
    DougW
    This is going to quietly make lots of money. Shhh.
  • S
    Satisfied Customer
    When are we going to get some news on the financing for the project? Should be any day now?
  • D
    DougW
    Boring...nothing happening here except they'll be producing gold in 18 months. Management owns shares and buys at market, so they are watchful of unnecessary dilution.
  • B
    Buddy
    A buy in anticipation of production ramp up to EOY 2021.
  • K
    Karl
    Sprott with 3M in a + indicator
  • D
    DougW
    News..looks like they are going to explore some of their other exploration targets and are funded for a 12 month plan.
  • D
    DougW
    This round of profit taking seems to be over, now inching back up.
  • S
    Satisfied Customer
    Why such low volume on a big up day for gold?
  • R
    Rick
    The plan is in place and moving forward! Just need the big move...
  • R
    Robert
    Any news on the sixth wave innovation trials?
  • R
    Robert
    Don’t they hav an overpaid cfo on staff w a Rolodex stuffed w bankers, royalty players n guys named Eric or Ross? Nooooo gotta pay off some people named “Hunter” or the like n squander the treasury...And then go out a pumpin on d C sweet. How sweeeeet it issz.
  • D
    DougW
    Up 200% in 2 months!
  • D
    DougW
    They've got a solid plan to production, this will do well.
  • D
    DougW
    Last news release doesn't sound that exciting, but it's another step closer to being a producing mine.
  • D
    DougW
    Temporarily up over 30% today on the US exchange. That got beaten down of course, but still up over 6%.
  • D
    DougW
    Nice pop today..