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Rio2 Ltd V.RIO

Alternate Symbol(s):  RIOFF

Rio2 Limited is a Canada-based mining company with a focus on development and mining operations. The Company is focused on its Fenix Gold Project in Chile. The Fenix Gold Project, 37,291 hectares, is located in Atacama Region, in the Copiapo Province, Chile, specifically in the Maricunga Mineral Belt, approximately 160 kilometers northeast of Copiapo by International Road CH-31. It is an undeveloped gold heap leach project in the Americas. The Fenix Gold is a mining district that contains over 70 million ounces of gold and hosts the La Coipa and Refugio mines, as well as the Volcan, Caspiche, Lobo Marte and Cerro Casale deposits. The Company’s subsidiary is Fenix Gold Limitada.


TSXV:RIO - Post by User

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Post by drunk@noonon Oct 27, 2024 8:05am
174 Views
Post# 36283835

Given the 720 mill us, close to 1 billion cdn NPV @2600 oz

Given the 720 mill us, close to 1 billion cdn NPV @2600 ozgold, that and the alledged quick build time and easy development of a open pit heap oxide heap leach operation, I have bought in. I am concerned about the costs of delivering water by truck up a mountain. 
Is it a case that the operation recycles a lot of the required water, and thus the amount of water needed, is less than one would think?
I also wonder, if, 18 months from now, if they are prodcuing 90,000, 0z annualy,  why they would wait years to expand the operation from 20,000 to 80.000 tpd----waiting for some kind of pipeline to  bring desal water up the mountain. If the op costs are sub1300 with the trucking of water. Why wojuld you not expand from 20,000 to say  30,000 tpd, thus increasing cashflow etc 50%, as soon as possible instead of waiting years. 
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