Rye Patch Gold RPMGD

Newcomer to RPM

[upupandaway7]

Hi All,

As a holder of Kinross Gold Corp, attention to Rye Patch Gold Corp was brought to my attention with the drilling results of high grade gold zone and the proximity to Kinross and Newmont for a potential take over target. In a short amount of time they have reported significant gold and gold equivalent resources ~4 million ounces (NI 43-101) on a goal of 10 million ounces for their resource portfolio. If gold continues to rise, it only strenghens RPMs holdings. Positive

Reading their March 2010 1st quarter report and doing some research I have been impress with the current cash holdings of RPM of ~$6 million (0.07/share) and well managed portfolio of land and spending. Most companies burn through cash fast but these guys seem to be in control of all aspects of the business. Positive

Also reading https://stockgroup.stockgroup.com/baimg/img/FunRes/RPM_Update-July2010.pdf by Fundamental Research Corp they have done some great analysis on RPM using different methods research and I a target of 0.46/share which at these levels well over 100% return. That is the lowest recommendation I have been able to find in reading other reports on RPM. With all the insider buying as well, this stock has a great potential worth adding to my portfolio. Positive


Either way, with some quick research this is a great speculative buy and i have taken a small position of 20,000 shares with little investment risk due to the share price.

Im glad to be long here

GLTA