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Rye Patch Gold RPMGD

Rye Patch Gold Corp is a Nevada based, Tier 1 mining company engaged in the mining and development of quality resource-based gold and silver mines and projects. The firm operates in one segment, which is the Exploration and Development of Mineral Properties. The firm operates through two geographical areas, Canada and the state of Nevada in the United States of America. The company's primary source of revenue is from the sale of gold dore.


OTCQX:RPMGD - Post by User

Bullboard Posts
Post by Synchronouson May 19, 2010 10:00am
552 Views
Post# 17112816

Nothing shocking.

Nothing shocking.Lincoln is as expected. Maybe a touch high.. I think they fudged the assumed silver prices a little too high.. but overall 500koz.
They have not done extensive drilling yet.... drilling so far has been widely spaced scout drilling trying to understand a complex structure(s).... I 'm sure it was tough to even make an estimate compliant.
Note that tighter drill spacing will likely increase the resource totals alone.
But I hope they continue to take it slow and undertand a strucutre before swiss cheesing it.. .. the conservative approach.. which is their norm.

Unforunately makes the stock dull... and our share price suffers for it.
I think RPM undertands the excitement requirement to share price nowadays.. and thats why REN was considered.

Expect another high profile.. high leverage project to come along.....
While they slowly scout drill Lincoln../ Oreana. and work to complete prefeasiblity on Wilco.


I stay with this stock cause the management still seems good and finding gold.. and not scamming the company for cash.
So sooner or later... should be a good story.. as they build up...
Bullboard Posts