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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 dunkindonuton Jun 04, 2012 8:55am
164 Views
Post# 19976840

Trustworthiness

Trustworthiness

The countless statements up to this point  made by management, including  Investor relations, has been

recklessly optimisitc and should not be believed. Other posters have used these statements to base their

production and profitablility projections over the last two years. It is time for the company to start releasing more realistic information on a timely basis or no investor will believe any of their "future forward looking statements".  At this point it is not known what production there will be, what the grades are or what the recovery percentage will be from the sand. A small company like this has their good name as a vehicle for investor confidence. It has lost it. It is time for ruby creek to stop hiding behind their forward looking statement disclaimer and file some actual figures of what they have mined, so at least the grades can be determined.

If the grades are below .3 g/t then, the game is basically over. ( unless they were to find higher grade- but when and where?)

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