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Rio Novo Gold Inc. RIVVF

Metals & Mining Gold
"Rio Novo Gold Inc is engaged in the acquisition, exploration and development of mineral properties located in Brazil and Colombia. Its properties include Almas gold and Matupa gold projects in Brazil and Tolda Fria gold project in Colombia."


GREY:RIVVF - Post by User

Rio Novo Gold Inc.
Bullboard Posts
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(29)
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Comment by elgin1on Aug 29, 2013 1:34am
105 Views
Post# 21705395

RE:RN undervalued

RE:RN undervaluedActually Almas mine has over 1 million onces certified and many more inferred deeper in the pit and surrounding area.  Matupa mine has another 1 million with another 2 million inferred that has a 14 km fault that has to be explored furher. The Almas project has  a full DFS ready to go as well as SRK report.  The Columbia mine is High grade Bulk mining.  Also they have a $10 miliion Ball mill on site at Almas.  So it is extremely undervalued. Float is 110 million which 70% is held by institutioins and large shareholders.  I am guessing that there arent too many retail investors holding this. When Dundee is done things should stabilize.  Canacorrd has a minimum price value of at least .25 cents.            
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Dealroom for high-potential pre-IPO opportunities