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 Apr 11, 2012 4:52pm

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Post# 19782615

RE: RE: RE: RE: RE: Bargain Hunting

Fast--I've been here for 3.5 years, so I'm getting used to these guys missing self imposed deadlines. The point is, the company does not have enough cash to drill all of their properties this year. I think they announced that they have $7 million, and they have 7 or 8 properties now, and it costs about $2 million per property to drill a decent amount.

Sooner or later, they will have to do another pp. Where would you prefer they do it? At $1.15, or .45? Once they get bought out, they can stop worrying about deadlines and putting on appearances. Until then, the highest degree of professionalism is crucial.

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