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Rye Patch Gold RPMGD

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

Post by upupandaway7on Nov 23, 2016 8:09pm
180 Views
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!
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