Ruby Creek Resources Inc RBYC

HUGE NEWS

[jonggua]

Did some preliminary calcs, not rechecked yet, but 1500 ton/hr = 1000m3/hr x 20 hrs/day x .5g/m3 /31.1 g/oz =321 oz gold/day x 365 days/yr= 117K oz/gold/yr!! This puts us solidly out of the smallest wannabe juniors and into an over 100K oz/yr group of stocks, gets us noticed by lotsa gold jr fund mgrs. Plus x $2000 gold net if gold price reaches $2400 next year=ebitda of $234M/60M fd shares= $4/share (more eps if fewer warrants cashed in yet, but since all are due by mid 2013, fully diluted is close enough). Dunno what tax rate to use tho for a NY company, but $4/share pretax could justify a $50/$60 share price in 2013, no?

[mermoo]

Oh my friend, if that would only be the case.  I doubt gold will hold the current value nor rise to $2400.  With the increases in gold exploration and mining that usually accompany higher prices along with a jittery market I think we will settle back into the mid $1000 range.  People will probably leave gold and reenter the stock or bond markets to pick up deals.  Thant being

[Yukon_Cornelius]

Really? Are you going short gold? Do you know something about the global economic climate others don't? Do tell Mermoo. LOL Take a look at the 10yr chart. I don't think your prediction has legs. By the way, a mere increase in exploration won't drive the price down imo. And if you look at the jr. explorers, a discovery doesn't drive their price up: Gold IN the ground vs. Gold sold

[Yukon_Cornelius]

Let’s play with very conservative estimates here using:a) the 43-101 reported .3 g for Mkuviab) the year-end target of 200 tons/hr.c) 16/hrs/day productiond) $1500/oz. net returnI come up with about 2 oz/Au/hr. x 16 = 32 oz/day x 1500 =$48,000 x 30 = $1.44mm per month gross profit or $17.28mm/yr. based on these estimates. 

[mermoo]

I am a bit confused I must say.  First if you look at gold’s history (and not just the 10 year as you suggest) you will see my prediction may not be that far off.  We have had sustained years or increases in price as the economy falters.  When people start to feel the economy settling down they sell their gold to buy depressed stocks etc...   In August 1976 gold was $109

[Yukon_Cornelius]

Wow. Lighten up Francis! And get that MBA chip off your shoulder. I don't own squat here except a nice position in RBYC coming on 2yrs from 10.5 cents per share and averaged UP since. The only gist of my response was that if you think Gold drops to 1000/per share, you're alone in the current financial world. By your defensive response- perhaps that is for the best. Good day sir.