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Bullboard - Stock Discussion Forum Rio Alto Mining Limited RIOAF

GREY:RIOAF - Post Discussion

Rio Alto Mining Limited > Gold production extrapolation
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Post by eebler on Jan 04, 2012 9:51am

Gold production extrapolation

Based on the number of ozs produced to the end of Nov and what they have said was the total for 2011, that means production in December was just over 12,000 ozs.  Extrapolate that on a pure "no growth" basis and you get about 145k ozs of production for 2012.    Scotia has projected 152k ozs but even that seems conservative in light of the growth in stacking/production that is planned.  Scotia's 12-month target is $5.25.

eebler

Comment by safi61 on Jan 04, 2012 12:44pm
You're right eebler, at these production rates the Scotia numbers look conservative. I would predict +$6.0 for end of 2012, if not taken over before that, in which case should sell over $7.0.
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