Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Ruby Creek Resources Inc RBYC

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.


GREY:RBYC - Post by User

Post by jongguaon Jan 30, 2012 10:28pm
252 Views
Post# 19468085

questions

questions

first of all, the cease trade order is only in BC, and from what I can figure out, it is because they were late with their 10Q filing, for which they obtained a waiver, but the waiver said 5 days and they took a few more than that. They are considering it a non event and while aware of it, are now in compliance. As far as grades and volumes, they are NOT talking yet about grades. Volumes are expected to be 50 ton/hr this week, with a rampup to 200 t/hr "soon", and then plans will be posted for a 350 hr and later a 1000 t/hr machines to be built once they can be paid for by cash flow. they still don't have a 2nd  mining license on their mkuvia project, but I presume they are waiting for good cashflow from Gold Standard's 10km property before gettting their 2nd license. They are hoarding cash carefully.  As far as water goes, they've had a severe drought for 2 years now, but water flows year round on Gold Standard's property. have no idea how the rains have been so far this year. I expect meaningful gold production in their reporting 3Q, which starts Mar 1. They do have a very responsive IR person listed on the website, the company has been more than forthcoming with most info. Chill out!

<< Previous
Bullboard Posts
Next >>

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse