GREY:RIOAF - Post by User
Comment by
eebleron Mar 02, 2012 2:59pm
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Post# 19619567
RE: target sp
RE: target sp Recent price targets for end of Jan and early Feb were $5.80 by Stonecap and CIBC. Scotia's for early Jan was $5.25.
In terms of catalysts, RIO should be coming out with a revised mine plan soon. They will also be reporting the first quarterlies that will have revenues reported, since prior quarterlies they were not yet in commercial production so did not report revs. The mine plan should be positive as that is likely to lay out increased production targets based on upgrades already done and/or in progress.. The first quarterly with metal revenues may go either way because this is the first time we'll get a glimpse at cash costs.
eebler