RE: Mexican silver and gold miners/explorers to fo
Einherjar,
What is the source of this information?
I recently had a talk with a person knowledgeable about RCTFF's current events and he too mentioned ramping up...
What I'm not crazy about is using the funds from the recent financing for more drilling. I don't like the dilution and increase in debt. I think the company desperately needs to turn to production as a source for capital. I think they know well enough, by far, where the profitable grades waiting to be mined are. What I'd like to hear is that the funds are being spent on the transportation of ore to the mill. It does sound like, based on your post, that we will be getting some of this sort of news in the hopefully not to distant future. News on this company has been so hard to get...
I'm grateful for your post and glad that it is encouraging - I just hope its source is credible. I bought in back when the share price dipped down from $3 and continued to average down to a figure I feel is reasonable to break even, as RCTFF's share price dropped, but I've always thought this company has had a potential to go substantially higher than it's old high. Given a higher price of gold and silver, like many are saying is on its way, a focus on production, and some decent media exposure, a new high could happen. Back around when RCTFF was trading in the $3 area it seemed to be gaining in volume and popularity... Based on your post, I think it still has the potential to be a market favorite. I've been recently considering taking a loss on RCTFF and directing the remaining capital to a better play, but if what I'm recently finding out about RCTFF is true, I'm going to hold.