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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 Fullplateon Sep 29, 2017 1:36am
144 Views
Post# 26757137

RE:RE:3rd Quarter Production Numbers Next Week

RE:RE:3rd Quarter Production Numbers Next WeekI wouldn't set the bar at 11,000 oz for Q3 given the problems they have already admitted. That number should be Q4. Should be at least 15,000 oz in Q1 2018, with steady increases each quarter for the rest of the year. They can dig it, haul it, and crush it in very nice quantities. If they can pile it and leach it at the same rate, they can certainly process commercial rates of dore and make money.

 We shall see if they have overcome that leach pile bottleneck  It won't look good next week. Don't get upset by a bad number if a good one will follow it in 3 months. The stock at this price is a gift for those who don't have enough already. The jury will be in long deliberations over Howald. He did a masterful job in putting the company's assets together, but failed to match that performance by a long shot since.  He hasn't failed in an overall sense in my opinion. He's just goofed up too often, which suggests a pattern. Everything thus far has been or can be fixed   Good companies and executives learn, fix, move on, and don't repeat.  Let's hope they can do all four of those and make the shareholders very happy. 
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