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 > produx estimates

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Comment by traveller180on Oct 27, 2011 11:48am

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Post# 19186266

RE: RE: RE: RE: produx estimates

Ok, so I measured production cost based on my own estimates figuring how I calculated MY OWN production costs in the past per amount of material moved since that is the vast majority of where money is spent on sites.

Let's assume $400 per OUNCE at 1000 ounces per month = $1.3 million per month (conservatively) based on the numbers on their website.

I still think that it will be more than that when all is said and done, but, I am still geeking out over the numbers...conservatively...

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