Rainy River Resources Ltd (RR.TO) Buy, Sell…

Rainy River Resources Ltd (RR.TO)

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5 watching

COMMENT

(Market Call Minute.) Big deposit in Ontario. Good location. Good infrastructure. Pretty smart miners and they have re-jigged it and he likes it.

BUY

Has this as an “Outperform” with a target price of $7. This is one of those that require patience for it to come around. Good asset with good management.

COMMENT

Likes their Northwest Ontario project. Bulk tonnage lower grade type deposit that has fallen out of favour to market sentiment. Management has been trying to find lower-cost zones and will be releasing updated numbers likely within the next few months. Good management.

HOLD

Has it as a high but discontinuing coverage because they want to concentrate on other ones. They have been growing and is one of the exploration companies where they quantified a pretty big resource. A good time to average down or hold on.

PAST TOP PICK

(A Top Pick Oct 28/10. Down 21.02%.)

PAST TOP PICK

(Top Pick Oct 28/10, Up 1.39%)

COMMENT

Sold his holdings because he wasn’t comfortable where management was taking it. New management has turned it around. Large disseminated deposit and the question is, how disseminated is it really. They are at the stage where the question is what is this thing and how are they going to mine it.

PAST TOP PICK

(A Top Pick Oct 28/10. Up 34.47%.) Still likes.

PAST TOP PICK

(Top Pick Dec 1/09, Up 321%) Great management, 5 Million oz gold in Canada. Has not trimmed his position. It’s getting a little expensive.

TOP PICK

Gold. Exploration, not production but has an identified resource. In Ontario so no political risks. Very large exploration budget and has been very successful. Have allocated money for 2011 program. Extending their drilling deeper where grades are better. Expect to see a new and larger resource by next year.

BUY

Had a great run and he has trimmed a little for rebalancing. Has about 4 million ounces of gold and continue to have good drill results.

COMMENT

Recently had some good high-grade intersections over decent widths. Original plan was a big, low-grade open pit deposit but not looks like it may work better with a high-grade underground deposit.

TOP PICK

Have about 4 million ounces of which half of them are measured and indicated. Located in western Ontario, a safe jurisdiction. Lots of cash and don't need to finance.

BUY

Great deposit. Have about 2.5 million ounces in pit. Another 2 to 3 million that falls outside of the pit. His model shows this at about $4 a share. Good takeover target for an outside company. Have about $24 million in the bank, which should get them through this year and into next year.

COMMENT

Doesn't own any of the big Canadian developmental deposits because Canadian ounces are valued in the Canadian markets at higher prices than it is valued in other places. They are very good in exploration and he believes the resource they will report on the 43101 will be bigger than the market expects.

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Rainy River Resources Ltd (RR.TO) Frequently Asked Questions

What is Rainy River Resources Ltd stock symbol?

Rainy River Resources Ltd is a OTC stock, trading under the symbol RR.TO (previously RR-T on Stockchase) on the undefined (undefined). It is usually referred to as or RR.TO

Is Rainy River Resources Ltd a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on RR.TO (previously RR-T on Stockchase) on Stockchase. Read the latest expert commentary for Rainy River Resources Ltd.

Is Rainy River Resources Ltd a good investment or a top pick?

Rainy River Resources Ltd was recommended as a Top Pick by Rick Rule on 2009-03-03. Read the latest stock experts ratings for Rainy River Resources Ltd.

Why is Rainy River Resources Ltd stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Rainy River Resources Ltd.

Is Rainy River Resources Ltd worth watching?

Rainy River Resources Ltd is covered by Stockchase experts and is worth watching.

Most Recent Experts

Jim Cramer - Mad Money

CNBC

Richard Orrell

RN Croft Financial Group

Stockchase Insights

5i Research

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Stan Wong

Private Wealth Management, ScotiaMcleod

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Rainy River Resources Ltd (RR.TO)