RVD mentioned in Stockhouse Articlehttps://www.stockhouse.com/Ask-The-Expert/2012/May/1/Betting-on-potash-and-Brazil
Rio Verde Minerals Development Corp. (TSX: T.RVD, Stock Forum). The company is also focused on the acquisition, exploration and development of fertilizer products in Brazil. Its flagship Sergipe potash project is located in northeastern Brazil near the coast. Dias likes the fact that the Sergipe project is adjacent to Vale SA’s (NYSE: VALE, Stock Forum) Taquari-Vassouras mine, currently the only producing potash mine in Brazil. “There is an opportunity for a takeout if the company proves up a resource,’’ Dias said. Rio Verde is also developing the advanced-stage Fosfatar Phosphate project in a bid to generate cash flow until Sergipe reaches the production stage. Located in northern Brazil, Fosfatar is expected to be in production by the first quarter of 2013, producing 150,000 tonnes of Thermophosphate annually.
Trading at 32 cents this week, Rio Verde has a market cap of $29 million, based on 91.2 million shares outstanding. The 52-week range is 59 cents and 25 cents.