Bullboard - Stock Discussion Forum 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... see more

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TSXV:RCT - Post Discussion

Rochester Resources Ltd > Adjustment

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Post by POG1200 on Sep 26, 2020 3:22am

Adjustment

OK - it's a six-month report. Therefore:

$1.4M US is an annual figure. This report is for 6 months, so my conservative guess is 6/12 of 1.4 = about $700k profit for this report period + the $92.5 PP. That's 'round $800K capital raised from the past 6 months to grow their business...

The average price of silver and gold over the report term, and the percentage of each towards the profit is for Nick to figure out! We will ssom be able to see his work. The average price of gold over the report term looks to be around $1750. So maybe $400/ounce profit...?

Seems the company raises 10 times the amount of the PP for the report term. JMO