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Rio Novo Gold Inc. RIVVF

"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

Comment by NicolasMaduro14on Jul 05, 2016 7:46pm
112 Views
Post# 25025372

RE:RE:Interesting stock play unfolding

RE:RE:Interesting stock play unfoldingYou got that right Elgin and it seems all the shares picked up over the last year and more recently sub .16 seem to have been tucked away. I remember your name here from a few years back nice to see you still here. Rio Novo is one of the few with good production ready PERMITTED assets that hasnt really moved. The previous DFS was profitable at $1200 gold... economics will only improve with the new one due shortly. 1. alot of drilling was done over the years resource should be larger longer mine life 2. USD/Real exchange very favorable Real has tanked and USD only gotten stronger 3. Equipment financing very favorable all around cheaper to build a mine today then it when the last DFS was done and Rio Novo was listed. Worth .50 blind depending on DFS outcome a $1.00 easy would like to see a share transaction with a producer.
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