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Rochester Resources Ltd V.RCT

Alternate Symbol(s):  RCTFF

Rochester Resources Ltd. is a Canada-based company engaged in the exploration and development of its mineral property interests in Mexico. The Company holds a 100% interest in the Mina Real and San Francisco Properties, which are located in the state of Nayarit, Mexico, east of the state capital city of Tepic. In addition, the Company has an agreement to acquire a 70% interest in the Santa Fe Property. The Mina Real Property consists of 11 mining concessions and one mineral claim encompassing a total area of over 21,367.42 hectares (ha). The contiguous Santa Fe Property consists of one mining concession totaling approximately 3,852.66 ha. The San Francisco Property consists of 12 mining concessions encompassing over 18,125.05 ha. Its subsidiaries include ALB Holdings Ltd., Mina Real Mexico S.A. de C.V. and Compania Minera Santa Fe S.A. de C.V.


TSXV:RCT - Post by User

Bullboard Posts
Post by POG1200on May 25, 2010 2:30am
464 Views
Post# 17127440

Vacuum Again...

Vacuum Again...I don’t know who I’m talking to anymore... I guess everyone is just too depressed over the SP to even want to participate in some discussion...
 
I just thought I'd point out, after overcoming my laziness to research, that RCT, based on the 5-4-10 release, is producing about $160 worth of silver and $40 worth of gold per ton.  If the grade of Au ore going through their mill were four times higher,  the dollar outputs of each metal would be equal.  That wouldn't be hard to do since the grade of Au ore being milled has been very low, not even 2 grams per ton.  According to the chart, whose link was part of my last post, the silver ore grade is very good. 

So, as the SP of RCT is currently pretty low, is RCT a buy?  Do you trust them?  

Mr. Luna has held top level positions with Goldcorp, and Silver Wheaton.  It seems a bit of a surprise he is with tiny Rochester - thoughts?

Bullboard Posts