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 > Sleeping or on a high paid vacation

<< Previous

Bullboard Posts

Next >>

Comment by pipefit2on May 26, 2016 3:42pm

161 Views

Post# 24907850

RE:RE:RE:Sleeping or on a high paid vacation

My guess is that they were under pressure from large shareholders to either buy a mine or go crazy drilling. So in a way, if true, this is a bit of a negative. It means they don't have any confidence in any of their properties.

Look at it this way, they are one of the few juniors with enough cash to take their best property and prove up a mine, or die trying, without any share dilution, and they didn't pull the trigger.

That being said, if they can optimize production at this mine, and get a bit of a price advance in the gold price within a year or two, who knows, they might have something here. It is certainly better than them burning through the NSR and settlement money on just overhead, without adding any ounces to the resource table.

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale