Rio Alto Mining Limited RIOAF

RE: RE: RE: best jr gold producer?

[eebler]

Brent Cook likes it but didn't buy in at the time because he was concerned about the apparent low(er) grades.  In terms of analysts, very limited coverage.  The fact it is Peru and put together on a shoestring budget probably kept it under everyone's radar.

For technical analysts, yesterday's action confirmed a Bottom Triangle with a price target range of $5.60-$5.90.  It has also been working a big Ascending Continuation Triangle with about $4.65 as the topline, so if the POG is steady or keeps going up, it could/should break out soon.  Once it is new all-time-high territory it should run quickly for a few days.