Rye Patch Gold RPMGD

November 23rd news dialogue

[upupandaway7]

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!