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Rupert Resources Ltd T.RUP

Alternate Symbol(s):  RUPRF

Rupert Resources Ltd. is a Canada-based gold exploration and development company. The Company’s principal focus is Ikkari, which is a gold discovery in Northern Finland. Ikkari is part of the Company’s Rupert Lapland Project, which also includes the Pahtavaara gold mine, mill, and exploration permits (Pahtavaara). The Rupert Lapland Project is located within the Central Lapland Greenstone Belt (CLGB), part of the Fennoscandian shield, which hosts 1700 known incidences of mineralization in Finland, Sweden, Norway and Russia, including around 80 mines. The Company also holds a 20% carried participating interest in the Gold Centre property located adjacent to the Red Lake mine in Ontario. The Gold Centre property lies to the southeast and within the shadow of the headframe of Evolution Mining’s Red Lake Mine (which has produced 23.8 M ounces of gold at an average grade of greater than 1/2-ounce gold per ton (or greater than 15.6 g/t).


TSX:RUP - Post by User

Comment by yakker5on Dec 22, 2021 11:34pm
177 Views
Post# 34256982

RE:RE:RE:Its about to blow

RE:RE:RE:Its about to blowAgreed, but now the question is who will buy it, and what will be the catalyst for the sale? Agnico already owns 15% and Kittila next door. It makes them the obvious choice, but will they have deep enough pockets when we move to 10M oz.  We're already at 4M, so it's not unrealistic in my opinion.  After their merger with Kirkland Lake, will they have the clout to go for the other 85%?

Barrick and Newmont will have to be in on the conversation as well. We know they're all looking at it. Maybe Kinross/Great Bear?

This is right in James' wheelhouse, so I think we are in great shape looking ahead. He's taken this from virtually nothing to a $1 Billion valuation without producing an ounce.   Remember two years ago when most of the posts on this board were in regards to re-starting the mill?  James knew that he didn't have to produce gold to make money. 
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