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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

Comment by upupandaway7on Dec 16, 2016 9:17pm
175 Views
Post# 25613409

RE:RE:Dumping

RE:RE:Dumping
upupandaway7 wrote:
carrot50 wrote: When wil it end.
keeps going lower and lower.





Just noticed my previous post was blank.

I believe gold will have a difficult year ahead which only became more challenging with the Fed now raising rates as well as upping next year increase events to 3 from the previously communicated 2 events. On the other hand if Donald Trump implements policies that cripple the US economy then gold may have a chance for a bounce back. The wild card is Trump as the sentiment is currently negative to gold with the Fed acting, so to invest in gold needs to be carefully done and that is where Rye Patch Gold Corp comes in.

Rye Patch Gold Corp management is looking like rock stars with gold tanking having hedged 40% of the annual output at $1276 an ounce. Along with their royalty payment and thier analysis being complete on the new project with a gold estimate of around $1100 an ounce and still showing a nice return, I believe investors are failing to understand the opportunity here. I currently don't have an open position in Rye Patch Gold Corp, but will follow the stock closely hoping to initiate a position once gold prices stabilize.

Good luck to everyone
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