RIO
Mogotes Signs Option with Rio Tinto Over Gold Copper Porphyry Project in USA
Article Summary
HOLD- Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MogMF) announced that Rio Tinto plc ADR has entered into an option-to-joint-venture agreement with Kennecott Exploration Company (a subsidiary of Rio Tinto plc ADR) over a gold and copper discovery in Montana, U.S.A., with large prospective claims package in USA with pre-resource, exploration stage, gold-copper porphyry project discovered by Kennecot/Rio Tinto in 2006 within historic Copper Cliff mining district.
- Mogotes used RTX drill data base (25 holes totaling 32,000 m including 7 holes within porphyy to calculate Au-Cu intercepts with best intercept to date of Hole 14CC0013, 1252.5 m at 0.41 g/t Au, 0.34% Cu, from 665 m with best Au/Cu ratio of 0.67/0.59% from 305.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 7.6% | 25% | 35.0 ptsBelow Screener (7.6%) - Weak growth |
| EPS Growth Next 5Y ? | 7.1% | 25% | 20.0 ptsWeak (7.1%) - Low expectations |
| Target Price Upside ? | 1.0% | 20% | 10.0 ptsNear/At Target (1.0%) - Target: $98.17 vs Current: $99.14 |
| Gross Margin % ? | 25.2% | 15% | 40.0 ptsModerate (25.2%) - Adequate margins |
| Drawdown from 52-Wk High ? | -2.4% | 15% | 20.0 ptsBarely a Dip (-2.4%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
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Past performance does not guarantee future results.
About RIO
- Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide.
- The company operates through Iron Ore; Aluminium and lithium; and Copper segments.
- The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia.
- The Aluminum and lithium segment is involved in bauxite mining; alumina refining; and aluminium smelting, and recycling, as well as mining and processing of lithium.
- The Copper segment engages in mining and refining of copper, gold, silver, molybdenum, and other by-products and exploration activities.
- It also owns and operates open pit and underground mines; and refineries, smelters, processing plants and power, and shipping facilities.
- The company was founded in 1873 and is headquartered in London, the United Kingdom.