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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 trendisafriendon Jul 07, 2011 10:30pm
134 Views
Post# 18809150

Technicals look very, very good on this one.

Technicals look very, very good on this one.Sold it away back when it was nearly 20 cents, now I might buy 5 or 10 times as much as I sold.
Fibs look very good on this one, and could suggest a reversal of trend to nearly 7 cents over the shorter
to intermediate term. Macd is of course a little more bullish with the added trading volume. This one may
have a lot of shares out but it is quite cheap on the market cap size, perhaps 5 million.  Biggest thing here for me is how Florida might pan out, as according to last MD & A there was a decent amount of good mineralized material that might be processed. Looks like the company as of end of Apr 2011 was cashflow positive. SO.... I jumped in with a little buy today, and perhaps tomorrow a little more. Tough to do really good DD on this. See what else one can come up with.
Bullboard Posts