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Rio Silver Inc V.RYO

Alternate Symbol(s):  RYOOF

Rio Silver Inc. is a Canada-based resource company engaged in identifying and acquiring precious metal assets. The Company’s flagship, the 100% owned Ninobamba Project, hosts 2 discreet precious metal deposits at opposite ends of an 8 kilometers (km) prospective corridor in a prolific precious metals hosting geological belt in central Peru. Ninobamba Project is located in the silver district approximately 330 km southeast of Lima in the Department of Ayacucho, Peru. It consists of over 4490 hectares (ha). Its Gerow Lake Project covers over 5,312 ha and is located in the Archean aged Superior Province, within the Pierce-Ponask-Sachigo greenstone belt in the northwest quadrant of the James Bay Lowlands, Red Lake Mining District, Ontario. The Company’s Palta Dorada gold-silver-copper (Au-Ag-Cu) property is located in the Ancash Mining Department in Northern Peru and covers an area of approximately 1200 ha. Its subsidiaries include Rio Silver Exploration Ltd. and Minera Rio Plata S.A.C.


TSXV:RYO - Post by User

Bullboard Posts
Comment by ronzon Nov 12, 2012 7:17pm
182 Views
Post# 20590694

RE: RE: RE: News

RE: RE: RE: News

Agree with you, however, since you last posted, they have had a higher price per share financing and the current support at 11 cents is indicating support for the current price. They are in a difficult spot as they want to raise money but without giving away too many shares to dilute the company. Very responsible management here! eventually they will be able to get the price up and get it financed at much higher levels, therefor less dilution! Maybe a PR company would help to get the word out about their potential...

Bullboard Posts