OTCPK:RIDYF - Post by User
Post by
smittigatoron Dec 08, 2014 8:18am
204 Views
Post# 23205251
watch your neighbour
watch your neighbourthings are rollng out nicely for RIC, people keep your eyes and ears open, new president and quite a few staffing changes on the horizon, rumor has it that they are ramping up mill for a 2000 ton a day operation. if this be the case, they will need more ore at a lower grade?? who has the ore, the neighbour next door, dont be surprised if you see a new deal on the horizon between prodige and richmont. Westdome across the highway is doing the exact same process. AR paid $320m for this non producing project, AR stock price is taking a kicking and cash is king, dont be surpised if you see a production deal with a royality going back to AR. richmont cant get the ore out of the ground quick enough to feed a 2000 ton a day mill, therefore a strategy plan with the neighbor makes perfect sense. Richmont will be a rock star mine this time next year, very good grades at deeper levels, low debt and good cash position, bankers where already on site and things are looming in the back ground, hang onto your stock and buy a little AR stock, these guys will be back to $3.50 by mid march.