RIO
✅ Rio2’s Fenix Gold project in Chile is fully funded, with all permits granted, and is expected to see the price evolve at least until the first pour.
💧 The company plans to transport water to the mine via trucks for the initial phase, which could pose operational challenges if not managed properly.
🏅 The management team has repeated this story before, having built several gold mines in Peru, indicating experience and a defined entry and exit strategy.
@Academiadeinversion:
“Rio2 Limited, for me, is the play of the pre-production sweet spot that we mentioned before. Now, it is true that it has made a surge, probably promoted by the rise in the price of gold, but it is a gold mining company in Chile. It has the Fenix Gold project; if I remember correctly, it has almost 2 million ounces of reserves, almost 5 ounces of gold resources. We interviewed them on the program, I don’t know, a few months ago, and I think it was around 60 cents, and it has already risen, I don’t know, 30 or 40%. In the end, it is a company with everything financed, with all permits granted, and basically, it is expected that the price will continue to evolve, at least until the first pour. Rio2 had a problem with permits that punished it a lot, and then they did the necessary documentation to obtain those permits and start construction, which they want to undertake in a very short time, I don’t know if it was 12 or 18 months. So, well, they are ready, completely financed. If you look at it from a technical point of view, at least until the start of production, it can be all feasible and without too many problems. We will see, in some way, when it prices a normal production because they have to bring water trucks into the mine to produce, at least during this first phase. While it is being set up and everything is fine, there will be no problem, but once you depend on, I don’t know if it’s 60 or 70 water trucks per day, problems may start to arise if they don’t end up solving that point. The management is also a management team that has already repeated this story. I think the other one is called Rio1, but they have already done something similar with good revaluation, and therefore, an experienced management team. I think it is a stock with very little risk where you can have a very well-defined entry and exit.”
The @Academiadeinversion channel shows viewers the exact part of the YouTube video where this stock is discussed:
View the video on YouTube.
Read more articles analyzing Rio2 Limited (RIO) at the following link. RIO stock.
