Resource Capital Gold Corp GDPEF

Discussion with George Young

[lmcbain]

I had very nearly washed my hands of this completely over the past year, as I have had very little success in reaching George with any consistency, but I just received a call from him at the tail end of this past week and it was an interesting discussion. Looks like the company might actually be moving things forward. The company appears to be getting their financial house in order and from what I was told may finally have the majority of the Aussie selling behind them as well.

Apparently over the past year, the company has received some fairly substantial technical assistance (geologically) from the Sprott team and believe they have made some very good progress with respect to their understanding of the gold bearing structures on the property and how to handle them from a production perspective. By applying new age technical analysis to the project and then implementing traditional highly targeted mining techniques, they believe they have identified a methodology to mine the project in a cost effective, recovery effective, manner. Only time will tell if they are right, but this is some of the more interesting news out the company in some time. 

George was reasonably careful to not overstep the boundaries of propriety in terms of what he divulged, but at the same time provided some nice insight and interpretation of the more recent news and filings. We may even see something in the way of an actual IR program get implemented.

Salut,
Leigh McBain