Renegade Gold Inc V.RAGE

coffin brothers today

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DP: One of your favorite stories over the last while has

been Riverstone Resources which went from around
.18 to

.20 from when you starting covering, to become a four

and five-bagger and then quite a correction. What’s the

latest update?

EC: Well, just about everything corrected this summer,

but its seeing a nice comeback to the 75-80 cent level on

good volumes lately. RVS has reported a number of holes

from the new Nami zones and the existing Goulagou and

Rambo zones. Drilling expanded both Rambo and Goulagou

and the expansion is substantial in the case of Goulagou.

Both these zones remain open to further expansion in the

next drill phase. They have reported a number of good

holes at Nami and the expanded RAB drilling they did plus

the expanded artisanal mining areas indicate a very large

target area. The recent drilling has been focused on getting

accurate readings on the different structural trends

within Nami and determining which of those trends are

carrying the best gold grades. Some of these holes are

yet to report though we expect them soon.

RVS will be starting another large drill program near

month end so there will be no let up in drill results. The

existing resource has been expanded and if recent drilling

unlocks the best way to drill Nami there should be a lot of

expansion potential there. Burkina Faso is starting to get

its own “buzz” and we think RVS still has plenty of upside

with another fully funded drill program about to kick off.

DP: Currently you think some of the industrial metals

have had a decent run, but you are still looking for more

traveling in gold and silver. Have we got this somewhat

correct?

EC: The world seems to have changed for gold and silver.

They have both had strong runs lately so there is potential

for short term consolidation but we don’t expect pullbacks,

if they occur, to be large. The world remains an

uncertain place and precious metals have proven themselves

to be the most certain of investments over the past

decade. We don’t see everyone abandoning them after a

period like that. With central bank sales largely off the

table, continued slow mine production growth and early

evidence that growth in scrap sales may be easing the

environment is very supportive for precious metals.

Base metals are trickier and need to be treated individually

but we’re pleased with the trend of declining warehouse

inventories over the past few months for most of

them. We’ve said for years that the developing countries

will determine the pricing, and they do. There could be

pull backs on sentiment alone if there is another negative

event in the G8 economies but we do not expect a double

dip. We focus on copper most of all and it looks comfortable

in the $3-3.50/pound range. If the developed economies

can generate even tepid growth it should be able to

maintain that range. If things accelerate it could do better

since there is not a lot of large scale production growth on

the horizon. Gold and silver have been stealing the show

but we are seeing good moves in development level copper

stocks as traders anticipate M&A activity which we

also expect to see.

DP: Our favorite question is always, if you could only buy

one stock today, what would it be?

EC: Well, you gave me a six month time horizon which

means the end of March. I’m personally hoping for a few

bargains on Yukon stocks about then so I’ll