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Rye Patch Gold RPMGD

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.


OTCQX:RPMGD - Post by User

Bullboard Posts
Comment by pipefit2on May 03, 2012 11:48am
357 Views
Post# 19866521

RE: RE: RE: RE: RE: RE: court hearing

RE: RE: RE: RE: RE: RE: court hearing

We're all just guessing here, so this is mainly for amusement.  One thing you have to keep in mind is that ALL of Rochester is relatively insignificant to Couer, and the absolute worst case is that they lose 20% of it.  They will probably lose the outlying leases as well, but they had no interest in them anyway.

Yes, the is is a huge deal for us, but for Couer it is really next to nothing.  Their stock has slipped lately, along with most other gold stocks, but they still have a market cap of $1.82B.  If a huge meteor came down and destroyed Rochester I doubt the market cap would change much.

In fact, this operation is such a low priority for them, they didn't even pay the annual lease fees, and that is what started this mess.  Do you think they would miss the lease payments on one of their big mines, or forget to pay a bribe to some Latin American dictator, lol?

Bullboard Posts