Rye Patch Gold RPMGD

RE:Gold price

[upupandaway7]

pipefit2 wrote: With contract gold at $1239, gold stocks probably won't go far. Eventually gold will rally above $1400/onzas and rpm.v will go bonkers

Rye Patch has hedged a good chunk, if not all their new mines production at $1278/ounce for some years. With the interest rate hike chatter coming from the Fed, Rye Patch is on a solid footing to whether any drops in gold prices if rates rise in 2017. Along with the royalties, I anticipate a bounce in share price regardless of the price of gold once they report that gold production has commenced at or near the end of March 2017 where the last update stated all work is on schedule and on/under budget for the mine.
Worth noting the financial study on this project was conducted having priced gold at $1100/ounce and the stock was still valued at $0.55/share even after the stock offering was completed at $0.22/share. With this hedge additional value is secured for shareholders in my opinion and I feel investors are just waiting for production confirmations and when they come we will see a nice run on the share price.
Who knows, if gold stays at these levels with fed rate increases anticipated to come, I could see another larger mining company look toward Rye Patch as a potential acquisition opportunity. Needless to say I am very bullish here as Rye Patch is in a great position to deliver shareholders some return. Good luck to all.