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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 Dec 01, 2011 4:11pm
145 Views
Post# 19284518

gold mining valuations

gold mining valuationstrying to establish a valuation range expectation for ruby once they are reporting cfps of $.50-$1.50 next year, with the crosscurrents of Europe going under, sparking either massive scared deflation and asset collapse-- $1200 gold? or inflation-- $2500 gold?. Actual eps are too hard for me to figure out as tax rates and amort/depreciation are too complex for me to guess at, but cfps are much easier for me to forecast. Of course I know majors are valued differently than producing juniors, but getting (free) comprehensive data on valuation of lots of producing gold juniors is eluding me at the moment. We will be reporting positive cash flow as late as 4-15 if there were no actual gold sales ending 11-30. My guess is by 4-15 we'll have a true EARNINGS REPORT to celebrate.
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