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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 elgin1on Jul 28, 2016 8:24pm
209 Views
Post# 25094039

RE:RE:RE:More movement of shares thus time on T.ora exact same terms

RE:RE:RE:More movement of shares thus time on T.ora exact same terms RPM is the consultant being used to update DFS. They just completed a DFS for Yamanas Santa Cruz mine in Brazil. The analysis will be similar for Almas.....

"Based on consensus Brazilian Real to U.S. Dollar exchange rates, which are 3.65 in 2017, 3.76 in 2018, 3.83 in 2019 and 3.91 long-term, and a gold price of $1,300 per ounce, the after-tax NPV (5%) for C1 Santa Luz is $268 million and the after-tax IRR is 71%. A sensitivity analysis on varying gold prices and Brazilian Real to U.S. Dollar exchange rates was completed on the after-tax NPV."  

   Santa Cruz has higher grade but both are open pit mines. Almas was not drilled to depth ... believe there is higher grade located deeper.. so they will mine it and redrill for better or expansion of mineralization if it is mined in the future.

And going back to Britos..... I dont think they will merge the two companies because ....they need to finance the construction of Almas?  How are they going to do that? Who will build and run the Almas.... management too inexperienced. Time will tell. GLTA
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