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Rye Patch Gold RPMGD

Metals & Mining Gold Industrial Metals & Minerals
Rye Patch Gold Corp is a Nevada based, Tier 1 mining company engaged in the mining and development of quality resource-based gold and silver mines and projects. The firm operates in one segment, which is the Exploration and Development of Mineral Properties. The firm operates through two geographical areas, Canada and the state of Nevada in the United States of America. The company's primary source of revenue is from the sale of gold dore.


OTCQX:RPMGD - Post by User

Rye Patch Gold
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Comment by Negotia8er2on Jan 06, 2012 8:52am
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Post# 19375080

RE: RE: FWIW - Ubika research commentary on todays

RE: RE: FWIW - Ubika research commentary on todays

Sorry Ubika stated their was 3.9 M oz of Indicated and inferred Gold equivalent in the ground for the other properties Rye Patch is exploring, and have drilled( not including the rough est. of $100M of Silver at Rochester).  For a working number on the total value in the ground before mining costs(of course) could we use the the figure of $1400.00 per oz. of Gold (see math below)?

 

US$1,400/Au oz (at Dec 31/11 the 12 and 24 month trailing averages were US$1,568/oz and US$1,396/oz respectively)

Dark Angel? Anyone?

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