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Bullboard - Stock Discussion Forum 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... see more

GREY:RBYC - Post Discussion

Ruby Creek Resources Inc > Ho hum, rbyc world's most valuable property?
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Post by jonggua on Mar 06, 2011 5:02pm

Ho hum, rbyc world's most valuable property?

If we do indeed have just .3 g/m3 over  300' of 879km2, we will have the world's most valuable property. 570M net oz of gold to rbyc.

If we average 1 g/m3 it's close to 2B oz of gold.

will we even have the world's most valuable company by market cap?

keep in mind barrick has 150M oz of gold reserves.
Comment by traveller180 on Mar 07, 2011 7:22am
jonggua, I like the way you think. IMO, the answer to your question should be yes, provided all the conditions, assays, DR's, etc and so on's are met. According to the reports, and I know this is a very philosophical statement, the crew over there are walking on gold to get to work.
Comment by jonggua on Mar 07, 2011 9:13am
I know it is easy to blow this off, but based upon what we have been told so far, these are the logical conclusions I come up with. My continuing quest is to somehow prove it wrong, since it is too good to be true!Holding long and strong...
Comment by traveller180 on Mar 07, 2011 10:07am
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 ...more  
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