Rye Patch Gold RPMGD

Metals & Mining Gold Industrial Metals & Minerals

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.

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Rye Patch Gold

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Comment by pipefit2on Aug 12, 2010 10:30am

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Post# 17344564

RE: RE: RE: RE: I love this company!!!...

shaw--At this point I think they have little choice but to manage their cash conservatively. They obviously cannot do any more pp's without permanently destroying the company, if they haven't done so already.

Their best bet is to muck around to the Oreana Trend, looking for more gold, spending as little $ as possible. It works out or it doesn't, but this way at least they have a chance. They don't really have to hit a home run. If they can acquire a critical mass of ounces, in reasonable proximity, they can probably off load the whole deal to a major, which has been the plan all along. I don't know how many ounces this would be. 6 or 7 million might do it? imho, pipe

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