RE: RE: RE: Cudos to Management on the S&P listing No, but Rye can't respond to your inquiry as it's a 'selective disclosure' problem. I'd say just sit back and relax - for a tiny Company this one has a lot going on.
What I'm really looking forward to is Rye sticking a couple of rigs right under CDE's a** in a few days. We'll see how long the bravado lasts when they look over their shoulder and see their Rochester plans floating away!
Even better, there's a fast-saving out for CDE - Lincoln Hill has nearly 600K eq. oz - and it's not a stretch to say it's a million - CDE could buy the project for $100 per oz , which is very reasonable (even cheap) so nobody will complain. Rye could throw in the CDE property and end up with $100 mm.
With that type of coin Bill et. all could really build this into a monster - 10 mm oz. would just be a starting point.
So when you add up all that they have going on you'll see why I think this one is a tuck-away LT position; one not to get caught up in the day-by-day noise. We will wake up one morning and see something hit, or a CDE buyout offer or big check writing. By then it will be too late to chase it - own it now and stay for the whole ride.