Rio2 Ltd (TSXV: RIO) – Pragmatism Is Often Overlooked

Rio2 Ltd.
  • TSXV: RIO
  • Shares Outstanding: 181.4M
  • Share price C$0.38 (24.02.2020)
  • Market Cap: C$68.9M

We recently sat down for a much-anticipated interview with Alex Black, President and CEO of gold developer, Rio2 Ltd (TSXV: RIO).

The management team has a good track record, but the market seems to have been deterred from Rio2 because of an adjustment to the company’s resource size. In its large feasibility study plan, Rio2 cut the scale of its gold resource in half: a lack of ambition, or sensible management? Watch and decide for yourself, though we lean towards the latter.

We discuss:

  1. The Water Permitting Situation: A Temporary Solution?
  2. The Gold Market: How Does 2020 Look?
  3. CAPEX, Resource Size And Other Stats.

Company Website: https://www.rio2.com/

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