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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

Post by POG1200on Sep 30, 2020 10:45am
251 Views
Post# 31641304

Next Report

Next ReportIs due the end of October - essentially this month.  It will cover June through August.  Those were strong months for the price of gold. 

Often these reports seem to include stuff that increases cost and reduces profit.  Cost is way too high.  They just have to work on that. 

Hopefully there will be something left over this time to improve operations without having to borrow.  Interest on loans to the insiders is a lot, but they are suspending payment until later.

Will soon see if they can show a profit this time.  Were much better for quarter 4 this last time, but still not quite there yet.  Seems reasonable to have some hope for these last 3 months...
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