The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More>
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More>
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More>
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More>
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More>
RIO on Canaccord Adams 2010 Watch List
|
ERIC ZAUNSCHERB, Canaccord Genuity
(04/13/2010)
“The company has filed an Environmental Impact Assessment (EIA) with Peruvian authorities to develop a 24,000 t/d open pit gold oxide mine at La Arena. Review and approval of the EIA is expected over the next two quarters. Infrastructure is excellent with a paved road through the project and a power line within 20 kilometers. An NI 43-101 compliant March 2008 estimate for oxide resources (at a 0.15 g/t Au cut-off grade) amounts to 58 Mt indicated grading 0.49 g/t Au (910,000 oz Au) plus 1.7 Mt inferred grading 0.28 g/t Au (15,000 oz Au). Tests were completed ahead of schedule last week and run-of-mine leach tests are considered favorable. Coffey Mining, Rio Alto’s consultant, is completing a reserve update and will now incorporate the new data into its final technical report. We are optimistic that favorable leaching results on run-of-mine ore may lower the cut-off grade and may have a considerable impact on the project’s economics; a minimum gold recovery rate of 65% is expected. Rio Alto Mining Limited is a Canaccord Adams 2010 Watch List company.” |
PRINT THIS PAGE
EMAIL THIS PAGE
Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More>
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More>
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More>
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More>
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More>