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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

Comment by dunkindonuton Jun 12, 2012 2:59pm
117 Views
Post# 20005008

RE: predicted breakeven

RE: predicted breakeven

I understand everyone's need for some type of predication of future potential, but at this point with Ruby not releasing any information, it seems quite pointless to speculate given grades and recovery percentages are not known which are the biggest driving factors. The possibility gold goes higher is always positive but what if the grades go lower? Even conventional mines run into high and low grade material. I think this type of mining will be even more difficult to achieve consistent grades.

Now I can't enjoy my donut any more  :(

Maybe the best thing  to do is for everyone to write ruby creek and ask them to release some information on production, grades, etc. as soon as possible before share price matches Handeni Gold..

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