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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 Mar 24, 2012 10:58am
283 Views
Post# 19713326

cash flow positive timeframe

cash flow positive timeframe

I believe you're right. I either misread what "FY" (fiscal year, full year?)  was meant by the yahoo poster or he mistakenly passed that on. Calendar year maybe, probably, but we know now that fiscal year ending 8/31 should still have too small volumes to be cf positive. it is too bad that we are a year behind. What took Gold standard till 11/29 to close? That was a bummer, and caused us to be months behind schedule. Now more dilution is needed to carry us thru to cash flow positive. Still, 70 M shares outstanding is not bad considering most of the competition. My dream is share buybacks and hefty dividends in future years with the governments of the world keeping their take reasonable. However, that dream of reasonable gov'ts may be the most precarious of all, as I expect a terrible economic downturn to turn govt's into unreasoning ravenous taxation beasts rather than downsize by the 3/4 they ought to. 

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