Right, So Where's Trend...?Anyone like Trend, who's predicting a pop in the share priceof RCT bases it on the mill expansion, and there has been no announcement ofthat yet. Increased production, with improved grades, and improvedrecovery can soar anyone's revenue. RCT has been working on doing justthat since before EL came on board.
I think it has gone remarkably better during EL's tenure, but RCT has been promisingthe mill expansion "soon," several times, for years. After allof this time, I really do think they now have established development areas,identifying ore decent and plentiful enough to run an expanded mill atcapacity, far enough into the future where they can resume development withprofits, and replenish depleted resources, where they can be comfortable inmaking the announcement of the expanded mill, and thus attract the attention ofthe market, I hope!
If the mill expansion announcement doesn't happen thismonth, I will be surprised, but I will still hang in there for it. I maybe a fool, but I think it will eventually happen, and that it is real.
When the mill expansion is announced the SP might vault, but I don't expect theannouncement until after the 87 million warrants that expire this month areworthless.
The 2nd Q. report is due out the end of the month. We should see that SF andFlorida will deliver, or have been delivering, ore for milling with gradescontaining nearly twice the grams per ton of Au, along with decent silver grades. It will be interesting to see if RCTbecomes more of a gold producer than a silver producer in the future.
I recently saw a book value of .10 for RCT's shares, but that might be old.IMO, considering the stature of RCT's CEO, it's ridiculous that RCT's sharesare available for purchase at .03.
Did you see the pk share quote drop 50% today from .04 to .02 on a volume of500 shares? Now who did that? Who ever it was cashed in for nil,since 500 shares equals all of $10.00 and I expect there was a commissioninvolved... RCT's SP has been suppressed this far, now's no time to stopgoing for the throat, right?