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Bullboard - Stock Discussion Forum Rio Novo Gold Inc. RIVVF

"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 Discussion

Rio Novo Gold Inc. > Updated FS Thoughts?
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Post by NicolasMaduro14 on Aug 10, 2016 1:11pm

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....
Comment by elgin1 on Aug 10, 2016 3:29pm
Project is very feasible and profitable... gold is trading at $100 above now so even more profitable. This DFS is to show that manangement is doing something .... but reality is share price is being depressed so Britos can accumulaue all the shares for cheap and then he has plans which will benefit the majority shareholder which is him. Management pretends to be independent.... but Britos pretty ...more  
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