Ruby Creek Resources Inc RBYC

Metals & Mining Gold Industrial Metals & Minerals

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.

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Ruby Creek Resources Inc > Ho hum, rbyc world's most valuable pro

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Comment by traveller180on Mar 07, 2011 10:07am

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RE: RE: RE: Ho hum, rbyc world's most valuable pro

Agreed. Putting this into perspective (as I was attempting to explain to my wife this morning):

A metric ton of raw material is equivalent to roughly one, 30 gallon trash can. This is also roughly equivalent to one or two buckets on a back hoe.

A good equipment operator can load 1 - 3 buckets into a concentrator every minute.

That's roughly 3g/ton/minute times 60 per hour, dore quality (60% or more purity).

28g/troy oz. X .60 = potentially 16.8g troy/tonne.

This is where I will stop the math due to my day dreams of gradueur. Regardless of the outcome, I have never in all the years I have been investing, had this much fun.

Thanks to Rob and Toby and the team for all their hard work and thanks to everyone on the blogs for keeping it interesting to say the least.

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How a junior advances one of the largest undeveloped diamond projects