Rye Patch Gold RPMGD

60 Days and Counting

[Fullplate]

If company management follows through with holding back production and related information until the end of the 3rd quarter, it will be about 60 days before we hear any substantial news. That time frame would also coincide with the projected start of commercial production. What we could very well see is a single announcement regarding that milestone along with the monthly production numbers.

But here is an interesting question - if August turns out production numbers reaching the commercial threshold, will Rye Patch announce that in early September?  I can't imagine them not wanting to make that important announcement at the earliest possible moment. If they hadn't had the setbacks in June, I would have expected August to be the month they hit commercial. At this point, I would be happy with September and not shocked by October. If we don't see any release of production numbers by the first week of October, then I think we might see a press release later in the month highlighting them hitting commercial a few weeks late and overshadowing less than stellar summer numbers.

The late Octber announcement is not a prediction - there's still hope even for August, but we likely will have to wait out the next 60 days to know for sure. That's a long time in the life of a junior miner trading at its yearly lows.  And just to avoid one of our board pessimists having to state the obvious, the one possible announcement we all dread is an October version of the early July press release talking up all of the summer accomplishments short of commercial production.  That would go over like a fart in church.