hndi 10q comment on mkuvia Prospecting licenses numbered 5664/2009 and 5669/2009, which form a part of the current Joint Venture Company project, have been registered to a third party without the Company’s approvale I for one hope we retain our 70% ownership of mkuvia. Hope these guys can work it out amicably, minus huge lawyer fees. Waiting for reports of first gold sales and expect little from this 10q of rbyc's. Expect next 10q due 7-15 to be a doozy with real gold sales. Of course, the company reports the fireworks of full production aren't until summer's end.
On a broader note, gold stocks are in the dumps. Can buy the majors for 8x eps I've heard, though I don't personally research them. My canadian oil stocks are at half nav, and yet the dow was at 13K. Still expect Europe bank/gov't debt implosion to give us a rocky 2012. Don't know what'll happen to our ruby.
Will liquidity dry up and panic share selling ensue, or will people wisely flee to all that is gold, finally giving us a significant lift?
worldwide valuation of gold assets is still just 1% of all assets. Expect this to rise significantly as paper assets burn in the fires of inflation/deflation.