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Company Spotlight
NWM Mining Corp. (TSXV: NWM)
NWM Mining Corporation (TSXV: NWM) is a well funded Canadian gold exploration company with a gold + Read More
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The Ubika Research Junior Resource stock watchlist (Week of July 19, 2010)
Romarco Minerals Inc. (Symbol: R.TO) |
| Company Name: |
Romarco Minerals Inc. |
| HQ Location: |
Toronto, Ontario |
| Company Website: |
http://www.romarco.com/ |
| Shares Outstanding |
466.7 Million |
| Closing Price (July 19, 2010) |
$1.67 |
| Market Cap: |
$779.5 Million |
| Average Daily Volume |
856,000 |
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The Ubika Research Resource Stock Watchlist is a feature that profiles junior mining stocks. Visitors will discover high potential Canadian mining stocks, the best gold stocks, small cap energy stocks and junior gold companies through this very popular feature.
Share Highlight / 1-Year Stock Chart
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Business Overview
Romarco Minerals Inc. is junior resource and exploration company engaged in the acquisition, exploration and development of precious metals mineral properties. The Company is focused on developing its 100% owned flagship property, the Haile Gold Mine (Haile) in Lancaster County, South Carolina. In addition, the Company has a 100% leasehold interest in the Pinos Gold District (Pinos) in Zacatecas, Mexico.
+ More info
What is interesting about Romarco Minerals Inc. (R.TO)?
- One of best performing stock at the TSX Venture exchange and true breakout gold junior, Romarco’s market value surged from approximately $50 million in January 2009 to the current $780 million, which approximately represents a16-fold increase in a time span of just 18 months.
- Proven to be a very successful exploration company with several major accomplishments related to resource discovery and project planning during a short duration.
- The flagship property, the Haile Gold mine is an old gold mine with history of production.
- The Haile Gold property is currently in the process of a feasibility study and continued exploration drilling. The company has real potential to develop a producing mine within 3 years.
- The company has NI 43-101 compliant measured and indicated resource estimate totalling 44,632,000 tonnes at an average grade of 1.51 g/t gold for a total of 2.17 million contained ounces of gold with an additional inferred resource estimate of 61,179,000 tonnes at an average grade of 1.002 g/t of gold for a total of 1.97 million ounces of gold.
- The flagship project is in South Carolina, U.S.A, a mining friendly state with over 500 current mines and strong infrastructure.
- The company continues to pursue a very busy drilling program during 2010 consisting of approximately 130,000 meters, which represents a 78% increase over the 2009 drilling program.
- Strong exploration potential as drilling continues to find new gold zones with high grades and the mineralized footprint at Haile remains open in all directions and at depth.
- A strong management team with experienced professionals managing the exploration and operational activities.
- A strong treasury with $160 million cash and no debt allows for an aggressive project development and exploration plans.
Risks
Romarco Minerals Inc. is an early stage exploration company. The commercialization risks associated with mineral exploration and development are high and its prospects for discovering economically viable resources are uncertain. Gold prices can fluctuate and a decline in gold could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although well financed, Romarco may still require additional financing. This could result in shareholders’ dilution.
Romarco Minerals Inc. News
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