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Rio2 Ltd. V.RIO

Alternate Symbol(s):  RIOFF

Rio2 Limited is a Canada-based mining company with a focus on development and mining operations. The Company is focused on its Fenix Gold Project in Chile. The Fenix Gold Project, 16,050 hectares, is located in Atacama Region, in the Copiapo Province, Chile, specifically in the Maricunga Mineral Belt, approximately 160 kilometers northeast of Copiapo by International Road CH-31. It is an undeveloped gold heap leach project in the Americas. The Fenix Gold is a mining district that contains over 70 million ounces of gold and hosts the La Coipa and Refugio mines, as well as the Volcan, Caspiche, Lobo Marte and Cerro Casale deposits. The Company’s subsidiary is Fenix Gold Limitada.


TSXV:RIO - Post by User

Bullboard Posts
Comment by 5Caraton Jan 26, 2008 1:51pm
155 Views
Post# 14267301

RE: big deal?

RE: big deal?I question your innocence as a newbie. The 2 million shares overhang exercisable over 2 years you mention is incorrect and IMO an attempt to discredit. Your statement, “triangulate and sand down to as low as .10 cents before it changes course” is rubbish. You ask what a 43-101 inferred resource can accomplish for PRR? It depends upon the amount of gold stated in the report. If the amount is significant as in the range of 100 thousand +/- ounces from historical work then that is a superb starting point ($900 ounce x 100 thousand ounces = $90 million). If you do your homework, you’ll ascertain that a superior deal of work has been concluded on the gold property and the drilling areas were expandable in diverse directions. Over 11000 meters of drilling was completed. This is no starter situation. On the Candamena property, as stated in the news, there exists a couple of former mines and mill too. You further state you do not own shares. That is apparent as better due diligence will show this company has colossal potential. Cheers
Bullboard Posts