Rising Gold Prices Catapults Company’s
Book Value To Over
.35 Per Share
OTCBB: RYSMF
No not New York … but from Manhattan , Nevada [in the Manhattan District], Royal Standard Minerals, Inc. (OTCBB: RYSMF) is nearing conclusion of their evaluation of the available geologic data for all of its current property holdings. These properties have become high priority projects for permitting and development as a feed source for the Goldwedge plant.
With over 300,000 ounces of gold and the potential for an additional 800,000 ounces, the assets of RYSMF far exceed the current value of the stock.
The Company has capitalized on the availability of high quality gold/ silver deposits and controls interests on properties consisting of over 17,000 acres located on the Carlin gold trend, an area which has produced over 50 million ounces of gold since the 1960s, and is estimated to hold an additional 100 million ounces of gold.
The Company’s Nevada projects are located near properties owned by major gold companies such as GoldCorp, Kenross, Newmont, Barrick and Placer Dome.
Royal Standard Minerals is an advanced-stage mining company engaged in locating, acquiring, exploring and developing gold and precious metal deposits in the state of Nevada , and coal in the state of Kentucky .
The Company owns a 100% interest in six projects in three goldsilver districts in Nevada .
These projects include the Goldwedge project in Nye County ; the Piñon and Dark Star projects in Elko County ; the Fondaway Canyon and Dixie-Comstock projects in Churchill, and the Campton project in Wolfe County , Kentucky .
The Company has two wholly owned subsidiaries, Kentucky Standard Energy Company Inc. and Manhattan Mining Co.