Rochester Resources Ltd V.RCT

Alternate Symbol(s): RCTFF

Metals & Mining Industrial Metals & Minerals

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

Rochester Resources Ltd

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Post by POG1200on Sep 26, 2020 2:44am

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Post# 31624842

Clarification

$1.4M US is an annual figure. This report is for 5 months, so my conservative guess is 5/12 of 1.4 = about $600k profit for this report period + the $92.5 PP. That's 'round $700K capital from the past 5 months to grow their business, while the POG stays up...? Once more: time will tell. Once more: JMO

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