|
The Ubika Research Junior Resource stock watchlist
Rainy River Resources Ltd. (Symbol: V.RR) |
| Company Name: |
Rainy River Resources Ltd. |
| HQ Location: |
Vancouver, BC |
| Company Website: |
www.rainyriverresources.com |
| Shares Outstanding |
61.02 Million |
| Closing Price (Feb 22, 2010) |
$4.93 |
| Market Cap: |
$300.82 Million |
| Average Daily Volume |
469,000 |
|
 |
|
Share Highlight / 1-Year Stock Chart
|
|
|
Business Overview
Rainy River Resources Ltd. is a Vancouver, Canada-based junior gold exploration company. The Company’s principal focus is its Rainy River project, located 80 kilometers south of Kenora in the southwest corner of northern Ontario. Rainy River is an advance stage exploration company with excellent mineralization potential at its flagship project. The company has done extensive drilling over the years, over 200,000 meter in total and has been successfully expanding the resource estimate. The company is operating in a mining friendly and low political risk environment.
What is interesting about Rainy River Resources Ltd. (V.RR)?
- NI 43-101 compliant resource estimate of 4 million ounces (2.2 million indicated and 1.8 million ounces of inferred resources)
- Access to excellent infrastructure with paved road access to site and power within 500 metres. The company has also assembled a surface rights/purchase agreement over the critical areas of the property.
- Company’s projects are in Canada, a safe and stable mining jurisdiction with very low geo-political risks.
- Large land position consisting of patented and unpatented crown lands ~37,000 acres provides huge blue sky opportunity
- A well financed company, Rainy River can continue to fund drilling program and can further expand open pitable resource estimate
- The company has a strong and stable management team at the helm.
Risks
Rainy River is an early stage exploration company. The commercialization risks associated with gold mineral exploration and development are high and its prospects for discovering economically viable gold resources are uncertain. Gold prices can fluctuate and a decline in the gold prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although well financed, Rainy River may still require additional financing. This could result in shareholders’ dilution. Rainy River Resources Ltd. News
Ubika Research Disclosure
Copyright
The content on this site may not be reproduced in whole or in part, or further distributed or published or referred to in any manner whatsoever, nor may the information, opinions or conclusions contained in it be referred to without in each case the prior express written consent of Ubika Research, a division of Ubika Corporation.
Disclaimer
Ubika Corporation is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to any visitor of this report or site or readers of any content on this website. The information on this website is designed to present the findings and opinion of Ubika’s analysts, columnists, speakers or commentators and what they believe to be the factual information.
Where reference is made to estimates of value or relative value of a specific security or ETF or any underlying asset or company, those are based on the information available from the public sources. They should not be relied upon in making specific investment decisions and readers should seek advice based on their risk profile and investment requirements from a person qualified and authorized to provide advice.
Ubika Corporation (including its Directors, employees and representatives), its analysts, columnists, speakers or commentators or a connected person may have positions in or options on the securities including Exchange Traded Funds (ETFs) mentioned on this site/report and may buy, sell or offer to purchase or sell such securities and ETFs from time to time.
Nothing on this site constitutes an offer or invitation to purchase or acquire any shares in any security or ETF mentioned on the site or any other asset or company or any interest therein, nor shall it form the basis of any contract entered into for the purchase or sale of shares in any ETF or asset or company mentioned on this site.
|