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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 Nov 04, 2011 9:25pm
356 Views
Post# 19211641

black swans

black swansAs i finish the book, years late as everyone has been talking about it for years, I realize how relevant it is. Could it be possible we have teh world's largest gold deposit? Methinks it possible, albeit constrained by limited water resources, and at the end of a terribly long and difficult supply chain. I wonder about TZ confiscation, outright or draconian percentages, armed lawlessness, excessive drought drying up our rivers or nearly so, a too early buyout, ceo early demise (rob being hard to replace with his African negotiating skills). Keeps it all interesting. On the other hand, mewonders what in the world Rbyc will do with all that cash, as little as 18 months from now. share buybacks, massive dividends ($1/share by 2015?). doesn't seem possible to reinvest economically significant returns of billions of $, not unless they wanna become a midlevel junior with multiple properties.
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