Ruby Creek Resources Inc RBYC

Metals & Mining Gold Industrial Metals & Minerals

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.

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Ruby Creek Resources Inc

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Post by jongguaon May 09, 2012 11:37am

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Post# 19889771

2 GIFTS FOR INVESTORS

There are 2 gifts to investors: Abnormally high prices and abnormally low prices. Guess which gift we are being given now?

I am concerned how they're gonna fund themselves thru to positive cash flow, which at this point should be September. With the share price so low more $.50 warrant exercises are likely not gonna happen. they need money to refurbish and get up and running the 2 other trommels which I believe are onsite, but not yet running.

Also need to hear about grades from existing production.

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Advancing flagship Ishkõday Gold Project in Ontario