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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 attorney8on Jul 23, 2012 8:33am
195 Views
Post# 20141284

Pure conjecture

Pure conjecture

I never said that they did stop production, because I don't know if they did or not. It is my guess based on the fact that RBYC's cash position as reported in their last 10Q was low, IMO, and they haven't given any updates on production. A logical conclusion is that they ran out of funds and ceased production until they got more funding. it takes cash to have cash flow from operations.  Your guess is as good as mine . After all ,isn't this and all message boards  full of conjecture and guesses?

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