eResearch analysts, Adrian Manlagnit, B.Sc. (Mining Engineering), and Bob Weir, B.Sc., B.Comm., CFA, have written an Initiating Report on Richview Resources Inc. Richview Resources is a mineral exploration and development company focused largely on developing to production the former Thierry copper-nickel mine in the Patricia Mining District in northwestern Ontario. It also holds, through joint ventures or earn-ins, interests in other properties in Ontario's prolific gold mining districts.
In the Report, the Analysts state: "Commencing in 2007, Richview has an ambitious $30-million development plan to bring the Thierry mine to production by 2009. From 1976 until operations ceased in 1982, the Thierry mine produced, from open pit and underground mining, approximately 113.6 million pounds (Mlbs) of copper and 2.8 Mlbs of nickel, as well as lesser amounts of platinum, palladium, and precious metals."
The Analysts go on to say, "The Company is now undertaking the Stage 1 development program at Thierry. Since it is going to require a total of about $30 million over the next 2-3 years to bring Thierry back into production, the Company may be challenged to raise these funds without causing undue share dilution or loss of outright ownership."
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Richview Resources Inc. paid eResearch a fee of C$18,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.
Contact:
Michael Newbury
Richview Resources Inc.
President and CEO
(416) 703-5435
Email: mnewbury@richviewresources.com
Website: www.richviewresources.com
Bob Weir, CFA, Director of Research
eResearch
(416) 643-7643
Email: bweir@eresearch.ca
Website: www.eresearch.ca
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Source: eResearch
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