OTCQX:RPMGD - Post by User
Comment by
ts9222on Aug 01, 2017 1:21am
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Post# 26531968
RE:RE:RE:RE:PI Financial: Buy rating and $0.80 target for Rye Patch Gold
RE:RE:RE:RE:PI Financial: Buy rating and $0.80 target for Rye Patch GoldAISC is meaningless in pre-production. They don't need to report AISC until commercial production is declared don't they?
"They haven't had 2 months in a row without significant production problems."
They have only been leaching for 2 and a half months ending with the June number. Miracles can't happen in the first 2 months. If you think it can, then show me a mining company with great numbers in the first 2 months of pre-production.
Fullplate wrote: I agree that the stock price will increase and reach C$.80, and I think it will actually be sooner than 2018 if production goals are met. However, I think C$.40 yet this year is far too optimistic. The AISC is going to look terrible for a short time due to the June production problems. If the 3rd quarter can convert all of the earlier stacked rock to dore along with the regular production flow, we should see very good numbers this fall. But I am not going to hold my breath. They haven't had 2 months in a row without significant production problems. Things will begin to click when they can have a full quarter meeting all targets in mining, dore output, and preparations for Lincoln Hill. Even so, I think the 80 cents will take higher gold prices which will be coming by early next year in my opinion.