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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
Comment by POG1200on Mar 05, 2011 5:32am
691 Views
Post# 18236931

Hiding Continued?

Hiding Continued?RCT is a spec for sure.  About $150K in debt.  30M in assets, recently spending in development and exploration more than what their gross cash proceeds are, (current cash flow at about $1M/mo.), with a CEO who had a major hand in establishing SLW as the powerhouse silver miner it is / ex president in charge of GG's Mexican mining operations. Production goals for the current quarter are about double what they were last quarter.  A press release on the recent production numbers is due out soon...
Bullboard Posts