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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 10, 2011 7:15pm
193 Views
Post# 19228229

investing cycle

investing cyclewe have to remember we are still in a bear market for gold stocks, even tho they are the best performing profitability sector of the market--BY FAR! The market still hates them. when even majors are trading for peanuts, less than 10x CFPS, and some producing juniors at PE's of less than 5!, and this BEFORE the market falls apart due to Europe, it is obvious we are still in a market cycle bottom (and the bottom just might fall out more due to West's financial woes). i've begun to wonder if we might get a 50% haircut only because of europe trashing the markets of the world. gold might collapse, or it might soar. Never have I been more confused.
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