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Rio Alto Mining Limited RIOAF



GREY:RIOAF - Post by User

Comment by eebleron Nov 30, 2011 3:09pm
259 Views
Post# 19280104

RE: Ride em cowboy

RE: Ride em cowboyDefinitely a nice upside breakout.  If the economic winds continue to blow in the right direction, a breakout like this has the potential to reach $4 fairly quickly and then we'll see what sort of momentum is there.  By then it is probably going to need a bit of time to consolidate.  Longer term, the long intercepts they are hitting that are exceeding 1 g/t make for much better economics.  They should be declaring official commercial production any week now.  All appears to be working to their plan.  The growth prospect and the improvements they are already planning for production increases are what have my attention.

eebler
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