Keep an eye out: MLR.V -> RNCH.V on Wednesday! Looks like Ranchero Gold's IPO is coming onto the TSXV tomorrow under the ticker $RNCH.V. (https://twitter.com/sandraelli2/status/1450197601249284102?s=21). I see a lot of chatter on Twitter talking about the potential of $RNCH’s Santa Daniela project in Mexico. I’ve been following these guys for a while since I heard about the potential IPO a couple of months back, and it’s looking pretty impressive.
- Close proximity to some of Mexico’s top producing mines: Near both the Mulatos Complex owned by Alamos Gold and the La India Mine owned by Agnico Eagle
- Historical drilling returned grades of up to 1.56 g/t over 37m
- Surface rights, water rights, and drill permitting are all completed.
With inflation beginning to impact the market and gold continuing to move closer to the $1800 level, we could see interest in gold exploration rise due to its numerous uses in tech and as an inflation hedge. $RNCH is planning to begin the drilling program in a few weeks from now and has phases 1 and 2 already planned out/ready to be funded with the recent $5.2M financing complete. We should see some results from the drilling in the near future.
Big insider ownership with nearly 70% OS locked-up, impressive historical drilling results, and an experienced management team. I said this before, and I’ll say it again, $RNCH has massive potential.