RE:Santa Fe with 26 vein systems and 5 klm of surface veinsHellem,
I've never doubted there's gold and silver surrounding RCT's mill location. RCT thinks it can run its business without being Ni-43-101 compliant. The industry and institutions favor NI 43-101 compliant companies. Most companies are NI 43-101 compliant, but RCT is too puny and too much of a dog to get with the program.
Maybe RCT's resources are so plentiful that they can grow without being NI 43-101 compliant - but they are not growing! They have been trying to get to 400 TPD since before EL came on board. Do you know how long ago that was? Are you happy about that?
Why don't you complain about the mill expansion promises being broken time after time again, instead of cut and pasting a bunch of MD & A resource info that is just the same ol' same ol' - eh?
I've already put a bunch of posters who cut and paste on this board ad nauseam on ignore. Those who don't take a stance to criticize RCT for its faults don't know the frustration of being a long time holder of this company's shares. You can't even get EL to address the issue in an annual statement to the shareholders explaining why RCT has been stuck at 200 TPD for so long. I have a feeling if you called EL out on it at the annual shareholder's meeting he wouldn't even give you an answer, he'd just dodge the question.
There's no IR department, no functional website, no PR's, no advertising, no emails from the company to the shareholders, no reason to buy anymore of this dog. Nick hardly responds to inquiries and RCT is a dog.
Buy a little of RCT if you want, but don't go mortgaging the farm over it. RCT is a spec, and there is a lot that can go wrong to send it belly up. I'm thrilled that I don't have any more of it than I do.