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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 Jun 04, 2012 7:33am
226 Views
Post# 19976706

old and new projections

old and new projections

Slavik and Johann Coatzee had forecast the first 3 trommels to have 133 m3/hr capacity, followed by another mobile 200 m3/hr new trommel Coatzee was gonna oversee building this year, followed by a 2014 ready 667 m3/hr stationary unit that would have it's sand brought to it. The last capital raise was thought to have been enough to get the original 3 trommels all up and running by now, with the cash flow paying for all the other new toys. however, the closing of the gold standard buy was terribly delayed and cash is running low.

Now it is only 40-60 m3/hr available from these first 3 trommels with our existing equipment. I am not exactly sure how much limitation is from trommels and how much is from earth moving equipment capacity restraints and repairs, but I believe it is some of both. 

If we can get significant financing we should be fine, we only need one more trommel of 40+ m3/hr to get us over the profitability hump (at a presumed .5 g/m3), and then we can reinvest profits and grow capacity going forward.

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