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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 8saturday8on Feb 11, 2013 9:51am
358 Views
Post# 20967920

Ruby Creek

Ruby Creek

 Why I purchased Ruby stock was because me and a lot of the shareholders that invested at that time were assured that Ruby would start production on the Mikuvia property. It was hard to raise funds at that time for junior miners but today it is a lot harder. What people want to see is production. They do not want explorers. What they want are good companies with proven assets and good management. Unfortunately Ruby has neither proven assets or good management. I expect to see 50% of the junior exploration  companies to disappear in the next 6 months to a year because they can not raise money. I do not know how management is going to try to raise money in this market. But it will be interesting to watch. Maybe they will have someone come out with an article about how great the property and management are. To bump up the stock. Remember about the great article they had someone put in a magazine. They have been already painting the tape as most of you can see who have been following the trades. People think that they are going to start drilling for hard rock. They are a long way from drilling. To do that they have to raise millions of dollars. They do not have any assays or a geologist.  Even if they hired one he has to up date all the reports. It takes time and money to apply for permits put in drill pads make contracts etc. Look how much money HNDI spent and we still have not had a news release as to what the company is planning to do to bringing the company forward. You still do not know if you will come up with a resource by drilling. If you go for alluvial you still have to buy equipment because I am sure most of it disappeared by now. I do not think that there will be any lawsuit or claw back. Management has probably been there before and has too many strong contacts. People do not know how powerful he really is. A lot of share holders own stock in both Ruby and HNDI that is why you see people putting out blogs on both.

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