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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 RCTon Nov 01, 2013 12:10pm
159 Views
Post# 21868772

RE:mexico royalty increase

RE:mexico royalty increaseSo now Rochester Resources has to pay 8% royalty on pre-tax profits. I think some of the shareholders were hoping the EL was a big enough figure in Mexico to stop this from happening. The company can't afford IR so there is nobody to call and ask how much this will effect the company. I guess you can always hope for the best. I'm not a big fan of hope investing but whatever lets see what happens. hope, hope, hope
Bullboard Posts

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