Rio Alto Mining Limited RIOAF

CONFIRMED NO PHASE 2 IN THE NEXT YEARS

[digingdeep]

Today Alex Black and Eduardo Loret de Mola said in the local news, that there is no rush for phase 2 as they will keep mining the oxides ( Calaorco).  

So as I said before, there is no place for the tailings dam, unless RIO: i)  use the Calaorco open pit as tailings deposit;  or ii) buy the surface rights from comunities, which means  a new Environmental Impact Assesment and workshops and approval from comunities will be required, which is more dfifficult to obtain.

I guess that RIO is the kind of company that reacts after some presure when asking to be more transparent. Second time RIO reacts and change its position regarding PHASE 2, but with no clarity.

But its fair to investors to know and a responsibility and obligation to the company to make it clear.

So again, what is the value of RIO without PHASE 2.