Rye Patch Gold RPMGD

Metals & Mining Gold Industrial Metals & Minerals

Rye Patch Gold Corp is a Nevada based, Tier 1 mining company engaged in the mining and development of quality resource-based gold and silver mines and projects. The firm operates in one segment, which is the Exploration and Development of Mineral Properties. The firm operates through two geographical areas, Canada and the state of Nevada in the United States of America. The company's primary source of revenue is from the sale of gold dore.

OTCQX:RPMGD - Post by User

Rye Patch Gold > When things are down EVERYWHERE

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Comment by RicherNowon Nov 05, 2015 8:46pm

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Post# 24264513

RE:RE:RE:RE:RE:When things are down EVERYWHERE

"The drilling program has 12 drillholes totaling 5,000 feet. The Bureau of Land Management (BLM) approved this program under a notice of intent; however, a larger and more encompassing Plan of Operations permit will allow for in-fill drilling and bulk sampling at the Lincoln Hill gold and silver deposit along with in-fill and exploration drilling at Gold Ridge and Independence Hill is pending at this time."

OK time for school... A NOI allows only 5 acres of total surface disturbance within a mile of any one drill pad. Well, with all the drill pads and roads At LH 5 acres gets used up quick. All of those past drill sites and roads need to recover vegetation before the BLM will release the ground and remove it from the 5 acre limit. Hmmm, not only is the BLM picky, but I seem to recall a DROUGHT in the WEST... without water, grass doesn't grow!!! Gee Who Knew??
When I last talked with Rye Patch folks they were hoping to get an approved Plan of Operation late this summer which really will open up the door to increased activity around LH, Independence Hill and Gold Ridge. One thing a company can count on, it takes longer than one expects to get a POO approved by the BLM. If there is a hoop to jump through, you can bet they will make you jump.
HEY FFred your last post was somewhat cryptic... why so negative when you say RPM is just like the rest of junior miners? How many winners do you have? If you have winners, were they like all other juniors? If the post is what you believe, why even invest. WPR,NGM,ANV, and many more are enough to illustrate my point that: When everything is down Everywhere... RPM with money in the bank and a resource of near surface oxidized ounces is not the company to be whining about.
Be big boys and get over it. RPM has a fighting chance where, In My Opinion, WPR, ANV, NGM and the likes will never come back and make equity investors whole. Its all relative... when everything is down...Down 50% is a far cry from Down 90-100%. Allied Nevada HURT. When the pending Plan of Operations is issued by the BLM activity will increase.
Not investment advice. DYODD