Rye Patch Gold RPMGD

Metals & Mining Gold Industrial Metals & Minerals

Rye Patch Gold Corp is a Nevada based, Tier 1 mining company engaged in the mining and development of quality resource-based gold and silver mines and projects. The firm operates in one segment, which is the Exploration and Development of Mineral Properties. The firm operates through two geographical areas, Canada and the state of Nevada in the United States of America. The company's primary source of revenue is from the sale of gold dore.

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Rye Patch Gold

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Comment by pipefit2on Nov 09, 2011 10:18am

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Post# 19221958

RE: RE: RE: RE: October 8 Site Visit

Thanks for the update, Rich. I hope your wife regains her health soon.

Regarding your comment, ".6 weeks is my guess on the average turn around for single holes", it has now been 13 weeks since we were told by Rye Patch that they had samples at the lab. It is quite apparent that they are holding up news. Considering that the share price has held up reasonably well, especially compared to the Venture Exchange composite, it is hard to believe that the results are horrible. The market can usually sniff out bad news and punish the stock accordingly.

So if it isn't a pp, and it isn't bad assays, then what else could it be? An acquisiton? A sale of a property (my favorite)? Sell the whole company? The latter seems a bit premature. How about spinning off one or two projects as a separate company?

I like the latter, but have no reason to believe they will do it. If they could spin off Wilco, as a separate company, then the uncertainty regarding Newmont's future actions wouldn't keep dragging down the remaining properties.

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