Rio Alto Mining Limited RIOAF

Comparing Q3 to Q1 - Reducing costs has paid off!

[EdgarL]

I think it's noteworthy how well they've done reducing costs.  Looking at Q1, the net income was just $0.05 per share with average gold price realized at $1598.  Q3 we have net income of $0.09 per share even though the average price realized was $1310.

I'm not an expert on this stock, but from what I read it looks like they can move to Phase II without further investment.