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Red Pine Exploration Inc V.RPX

Alternate Symbol(s):  RDEXF

Red Pine Exploration Inc. is a Canadian gold exploration company. The Company is in the exploration stage and has not commenced any commercial operations. The Company’s flagship asset is the Wawa Gold Project. The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario. The Wawa Gold Project covers over 7,021 hectares (ha), including 309 claims covering 4,788 ha; 17 leases covering 790 ha; and 105 patents covering 1,443 ha. The Wawa Gold Project hosts several former smaller scale mining operations with a combined historic production of approximately 419,560 tons with a recovered 120,093 oz of gold at an average head grade of 9.04g/t1 Au, is located approximately two kilometers east of the Town of Wawa in northern Ontario. The Company holds claims on various other properties, which include Cayenne Property, Fern Elizabeth Property, and Rand Garrison Property. Cayenne Property is a 133-ha property. The Company also holds NSR royalties on various properties.


TSXV:RPX - Post by User

Bullboard Posts
Comment by Doingmybeston Apr 09, 2013 2:04pm
124 Views
Post# 21232333

RE: Average

RE: Average

1.0

But I should add that I am not invested in RPX because of the potential for a find. I jumped in at 1 cent because of how rarely it has traded in that level over the course of its history. I'm just riding the TSX-V with this one. I won't think twice about getting rid of it should it rise even a few pennies. 

I wanted to do this in 2008, but was scared because I hadn't seen a downturn like it before. While history doesn't always repeat itself, this seemed like a worthwhile opportunity to gamble a few hundred bucks. I remember BMK, and have money in that as well. Ring of Fire has too much potential to sit on the sidelines when the stock is at 4 cents (that's my 2 cents...haha).

Bullboard Posts