OTCQX:RPMGD - Post by User
Post by
upupandaway7on Nov 23, 2016 8:09pm
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Post# 25505919
November 23rd news dialogue
November 23rd news dialogue
Nice to see regular progress updates on the project and confirmations that the product is on the established time line and on/under budget.
I am having mixed feelings on the hedge of gold at $1276 an ounce over 5 years for 150,000 ounces. Seems low in my opinion considering analysts are thinking $1300 - $1400 in the longterm, however recent sell off doesn't reflect that sentiment. Assuming a 30,000 ounce delivery each of the five years representing 40% of the assumed production, at least a minimum bar is set for a good chunk of production if prices stay low. With the PEA feasibility study being complete at levels around $1100 an ounce perhaps this is a solid hedge.
Sold my complete position over $0.33 a share but missed out through run up to $0.48, so I am again buying at these levels.
Welcome comments and good luck to all!