GREY:RIOAF - Post by User
Comment by
jasmtson Jun 10, 2012 7:55pm
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Post# 19997985
RE: RE: RE: RE: RE: RE: RIO'sTidal wave
RE: RE: RE: RE: RE: RE: RIO'sTidal wave Yes, time to add and we did,holding a lot of shrs for us,target is $C6.50/one year which is ~48%,i know of nowear we can get ~48%. FWIW OTTO at IKN has calculated gold recovery at ~85%, but he has figured as high as 90%. The grade for the third and forth quarters will be some lower than first and second but more ore tonnes are being stacked than earilier 2 quarters to compensate. We think ~220,00 or so oz's in 2012,BWDIK. Another adder is that Rio's gold prepayment is now thru May 2013. Another adder is that Rio's price is above $4. Peruvian investment funds are now able to invest in Rio. We,wife and i think is cheap at todays prices!