OTCQX:RPMGD - Post by User
Post by
Newager23on Oct 18, 2013 3:33pm
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Post# 21828758
New update at www.goldsilverdata.com
New update at www.goldsilverdata.comRye Patch Gold is a project generator focused in Nevada. It appears to be a highly undervalued stock. They have $10 million in cash, plus another $25 to $50 million in cash flow from 2014 to 2017 (depending on gold and silver prices). And they have a 3 million oz (gold equivalent, including silver) project (Wilco/Lincoln Hill/Goldridge) ready for a PEA. With that much going for them, you wouldn’t expect their fully diluted market cap to be only $21 million.
I think Rye Patch is an easy double, and perhaps much more. They have 35,000 acres to explore in Nevada. The key for this stock is going to be the deal they get for their (Wilco/Lincoln Hill/Goldridge) project and their exploration success. However, with their cash, they can easily purchase a few cheap projects to explore. Thus, I think the upside for Rye Patch looks pretty good for a project generator. A 5 bagger? Perhaps, but anything beyond that is speculation. One red flag to be aware of, their resources are low grade and will require higher gold prices to be economic.