21:22:52 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Romarco Minerals Inc
Symbol R
Shares Issued 660,547,874
Close 2014-12-19 C$ 0.46
Market Cap C$ 303,852,022
Recent Sedar Documents

Lundin says buy Romarco Minerals

2014-12-19 21:33 ET - In the News

Brien Lundin, in the December, 2014/January, 2015, edition of the Gold Newsletter, says buy Romarco Minerals Inc., recently 56 cents. This is the first time he has recommended the stock. Romarco holds the Haile project in South Carolina that currently hosts four million ounces of gold measured and indicated. The deposit is open-pittable at an average grade of 2.06 g/t, making it top tier according to Mr. Lundin. He notes that the projected mine would cost only $320-million upfront and $379 an ounce over its mine life. In short, Haile is a "world-class" project with extremely favourable economics, says the editor. The caveat however, is that Romarco is facing challenges on the permitting front. The Sierra Club filed a request for review of Haile's mine operating permit in November immediately after it was granted, causing the stock to drop. The Sierra Club objects to the $60-million (U.S.) reclamation bond Romarco has taken out for Haile, the largest of any mining project in the state. Mr. Lundin is little concerned, however, as the state board that granted the permit has already declined to consider the request. This hiccup has kept Romarco's price low, which makes now the perfect time to buy.

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