InvestmentPitch: Red Tiger Mining (TSXV:RMN) Subject of
StockPotentials Report by eResearch Corp - Video Summary of Report
Posted on www.investmentpitch.com
Vancouver, British Columbia, March 20, 2012 - Toronto based
eResearch has issued a StockPotentials report on Red Tiger Mining
(TSXV:RMN). StockPotentials reports cover smaller companies that
have little or no following on the Street, that eResearch believes
would be primarily of interest to retail investors.
InvestmentPitch.com has produced a video news alert based on
this report.
http://www.investmentpitch.com/media/1230/Red_Tiger_Mining_I…
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The company is involved in the exploration and development of
copper and gold projects at its 11,000 hectare, San Antonio
properties in the State of Sonora in Mexico. In November 2011,
following a lengthy legal battle, Mexican courts approved a
settlement which ended its Mexican litigation.
Red Tiger recently announced that construction and development of
Luz del Cobre, which was restarted some months ago, has reached the
stage where ore crushing, curing and placement on the valley leach
pad have begun. About 150,000 tonnes of ore, at an average grade of
0.81% copper were mined to the end of February 2012, and this
tonnage is being crushed at a rate that will ramp up to 350 tonnes
per hour. It will then be conveyed to the leach pad along with ore
being mined and crushed as the stockpile is depleted.
Copper cathode production is expected in mid-April, with the
project designed to produce 15 million pounds of copper cathodes
per year, over 6 years, by an open-pit, heap-leach, solvent
extraction, electrowinning operation.
The company reports current reserves and resources, which are open
ended, of 4.6 million tonnes at 1% copper.
Management estimates an average cash cost of $1.30 per pound,
before interest, depreciation and taxes, although the initial cash
cost may be higher. This project is expected to create significant
cash flow for Red Tiger.
There is also the potential for an open pit gold leach operation as
a separate project, supported by existing support
infrastructure
eResearch cautions that the company will require additional funds
to advance the existing gold property and any new properties, and a
large control position may prohibit much institutional
interest.
The company is trading at $0.88, and with approximately 65 million
shares outstanding, is capitalized at $57 million.
For more information about Red Tiger, please visit their website at
www.redtigermining.com (http://www.redtigermining.com/), phone
416-869-0772, or email info@redtigermining.com
(mailto:info@redtigermining.com).
For a copy of the report, contact eResearch at www.eresearch.ca
(http://www.eresearch.ca/). While on their site, sign up for their
free reports. eResearch does not receive a fee for the preparation
and publication of StockPotentials reports.
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