Red Tiger Mining (TSXV:RMN) Subject of StockPotentials Report by eResearch Corp - Video Summary of Report Posted on www.investmentpitch.com
(Thomson Reuters ONE) -
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. If
this link is not enabled, please visit www.investmentpitch.com and enter "Red
Tiger" in the search box.
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, phone 416-869-0772, or email info(at)redtigermining.com.
For a copy of the report, contact eResearch at 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.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 20.03.2012 - 23:33 Uhr
Sprache: Deutsch
News-ID 126846
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