Rye Patch Gold RPMGD

RE:Nice mention in Aureport.com

[upupandaway7]

orfeos wrote: RH: Rye Patch Gold Corp. (RPM:TSX.V; RPMGF:OTCQX), which is in Nevada. The main thing that caught my eye is it has a 3.4% net smelter royalty on Coeur Mining Inc.'s (CDM:TSX; CDE:NYSE) Rochester mine. Given where commodity prices are today, that has given Rye Patch about $45 million a year in revenue, which it can then use across its exploration projects. Rye Patch's main project, Lincoln Hill, is right next to the Rochester mine. It's scoped out as a small-scale operation, only about $30 million to build. It has an attractive internal rate of return because while it is low grade, it does have a low strip ratio, so the economics hold up in today's gold price environment. "The economics of Rye Patch Gold Corp.'s Lincoln Hill project hold up in today's gold price environment." Additionally, Rye Patch has several other exploration properties that are starting to look more interesting, including some in the Cortez Trend. Garden Gate Pass looks like it falls along strike of Barrick Gold Corp.'s (ABX:TSX; ABX:NYSE) recent Goldrush discovery, which is a little more than 8 million ounces (8 Moz) at 11.5 g/t. Being along strike of that makes Garden Gate Pass a pretty important exploration target, as is the Patty project, a joint venture with Rye Patch, Barrick and McEwen Mining Inc. (MUX:TSX; MUX:NYSE) in roughly the same area. Rye Patch is following all of these recent discoveries of high grade along the Cortez Trend, in addition to the project that it already has. https://www.theaureport.com/pub/na/lithium-x-is-not-alone-profiling-this-marketplace-darling-and-others-in-the-sweet-spot

I wish the royalty was $45 million a year. I don't have the actuals but think the royalty is about 5 to 6 million a year until the cap is reach another few years from now. Still an attractive sum of money for a junior stock with time to establish a nice gold and silver portfolio.