Ruby Creek Resources Inc RBYC

Metals & Mining Gold Industrial Metals & Minerals

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.

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Ruby Creek Resources Inc > "The minister is unavailable"

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Comment by Public_Heelon Sep 16, 2011 4:13pm

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Post# 19051902

RE: RE: "The minister is unavailable"

I realize that Venezuela is worse, and Nigeria downright scary. My point is that I like situations where the locals have already taken such a big share (and that's in the stock price) that they realize they can't get any more w/o killing to golden goose. Maybe that's the situation already with Ruby, but I doubt it. Any idea what Tanzanian taxes are on gold miners' profit?

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