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 20, 2010 9:47am

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Post# 17368487

RE: RE: buyout candidate in the future.

Shaw-Beggars can't be choosy. However, it is somewhat of a moot point, since their deal with Newmont hasn't run it's course. They have spent the required $ on exploration. Now they have to present a pre-feasability study on Wilco to Newmont. Then Newmont has 6 months to decide whether to back in or not back in.

I'm not sure what the story is at Jessup, but their properties at Jessup are on the perimeter of a Newmont property, so again, they are at the mercy of Newmont there as well.

They could cut a deal on some of their 100% owned stuff, such as Lincoln, GoldRidge, Colado, and other parts of the Wilco area outside the Wilco agreement zone. I think they should do that, and I could care less who the other party is, as long as they are paying cash up front. imho, pipe

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