Rio2 Ltd (RIO) - $1Bn Gold Disguised as a $100M Miner

Matthew Gordon,
Ptolemy Capital

9 Months ago

The PFS numbers for the flagship Fenix Gold Project in the Maricunga Mineral Belt Atacama Region, Copiapo Province, Chile, are strong. This is positioned as the largest heap leach gold oxide project in the Americas. Rio2's management team has a strong track record of delivering value to shareholders of gold companies, and more importantly have a track record of bring two other mones in to production. Blacks says his will be one of a handful of mines that will go into production in the next 2-years. Can they replicate their previous successes this time around? A short-term fix for the water issue appearing to be resolved, and an accelerated path to gold production being planned. Rio2 is a gold developer that you may want to keep an eye on.

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