Post by
fleeinggrandich on Aug 23, 2011 7:53pm
RIO analysis out from CIBC tonight
CIBC has put out a writeup on RIO. Their target is $3.80 based on $2.50 Cu and $1200 Au. At $1800 Au and $4 Cu, oxide at 5% discount factor and sulphide at 8%, their numbers yield a NAVPS of $6.50. So, um, don't be surprised if there's a big pop tomorrow. At the same time, RIO's announcing 2Q production numbers sometime around next week - so maybe you don't want to sell into the pump? The Peruvian instos might start buying then. Basically, even $2.40 should be a distant memory by next week.Apologies to all, Stockhouse no longer formats my posts correctly in Firefox.
Comment by
dmuy on Aug 25, 2011 12:33am
See IKN to download the report:
https://incakolanews.blogspot.com/2011/08/rio-alto-mining-riov-just-in-case-you.html