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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

Comment by Yukon_Corneliuson Oct 12, 2011 2:56pm
98 Views
Post# 19142395

RE: RE: RE: RE: Public Heel.....

RE: RE: RE: RE: Public Heel.....Hey OB- glad you popped in.
Yeah- 'not if, but when'- to EB's credit- he was ultimately right-despite all the ugliness before and after!
The huge differences here- I've met management, and WE are the shareholders they're concerned with. THEY are the largest shareholders- 19mm in the float of a current 39 mm outstanding- and 54mm fully diluted. The warrants are held by commons - not tutes. There is no intent nor foreseen need for dilution- funded by gold. And to carry over the analogy from pharma world- the mining license is akin to FDA Marketing approval. First sales figures will be in ounces sold. No prescription needed. No generic available. ha!
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