Rio Alto Mining Limited RIOAF

RIO'sTidal wave

[karanmayur]

Is the gold tide lifting the ship or something else which we don't know?

Does anybody know what is brewing?

[eebler]

Gold is part, but there is also expectation building that RIO will up their guidance for 2012 by a notable amount.  They already have produced approximately 100k ozs in just 5 months on 2012 guidance of 150k-160k ozs.  At 20k ozs per month, even straightline extrapolation gives 240k ozs (assuming grades stay consistent).  Then you have the processing upgrade scheduled to happen

[zutfie]

Thank you Eelber for your post. Where did you get this information? Thanks , zutfie

[eebler]

The Q1 numbers came from their financials issued May 14 and as pre-announced in an operational update April 16.  The 40k ozs for the first two months of Q2 came from their recent presentation at the Scotia Latin American Mining conference in London held May 29-30 and have to give credit where it is due to Otto over on the IKN site for picking up on the numbers.  I can't remember

[zutfie]

thanks eebler

[karanmayur]

These are impressive numbers and looks like a real deal for a takeover candidate. I remember reading somewhere sometime back that couple of majors are interestingly looking at it....did anybody here heard about it?   

[karanmayur]

Is it time to add?https://www.bloomberg.com/news/2012-06-06/rio-alto-beats-gold-peers-as-volatility-dips-corporate-canada.html

[jasmts]

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