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Ruby Creek Resources Inc RBYC

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.


GREY:RBYC - Post by User

Post by jongguaon Oct 11, 2011 11:12pm
191 Views
Post# 19139622

defending public heel

defending public heelhe's a good counterweight to my relentless optimism. the reality is rbyc has crashed thru most of their timelines made in prior months and years. while i don't fault them terribly for this, it is true they have expected both the licenses and subsequent produx long ago. while I am sympathetic to how the story has worked out thus far, and am hugely excited and appreciative of the additional land packages, I think public heel is disappointed due to the endless delays in getting the licenses. In ruby's defence, everyone oughta take to heart the headwinds we are facing doing business in TZ. that orphanage article from 50 posts ago or so was hugely revealing as to the difficulty of getting anything done legally and swiftly in TZ. Kudos to Rob Slavik for what he's been able to accomplish on a shoestring. the timeline is more stretched out than he originally thought, but with 1500 km2 now, and no competitors nearby, a camp of over 100 employees, and a share count of 60M, we can all be very pleased.
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