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Rio Novo Gold Inc. RIVVF

Metals & Mining Gold
"Rio Novo Gold Inc is engaged in the acquisition, exploration and development of mineral properties located in Brazil and Colombia. Its properties include Almas gold and Matupa gold projects in Brazil and Tolda Fria gold project in Colombia."


GREY:RIVVF - Post by User

Rio Novo Gold Inc. > Updated FS Thoughts?
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Post by NicolasMaduro14on Aug 10, 2016 1:11pm
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Post# 25126994

Updated FS Thoughts?

Updated FS Thoughts?
Updated FS released today project economics have increased significantly IRR of 34% @ 1250 gold, lower capex and sus capex. Confused as to the markets reaction NPV of $145m implies we are currently trading @ .2 x NPV. Any thoughts elgin? Must be a management problem no confidence something stinks....
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