Resource Capital Gold Corp GDPEF

RE:RE:Quick update - RCG

[lmcbain]

Hi Specky,

I agree completely that the company has been 100% remiss in their obligation to keep shareholders properly informed. There are good reasons to keep a lid on certain types of information (negotiations, etc) and NO valid reason to keep a lid on other types of information (permitting, production, major site upgrades / repairs, etc). Good or bad, shareholders actually have a right to be properly informed and this right has not been being recognized.

With respect to contacting management, that I have not had a problem with. Getting any quantity of information is still not an easy task, but general access is not an issue. I get responses when I need one and typically in a reasonable time frame.

It is a stretch of a stretch though Specky, to suggest that the current assets have an unquestioned value 4-5 times market cap. The market is weaker than usual at present for exploration assets and our production revenues, relative to production costs, have not yet been documented as sufficient to justify forward looking operation and valuation. That may very well be changing, but there has been NOTHING formally documented to support the idea.

The other issue with the Dufferin project is that RCG is not the first operator, but they are the first (in many years) to try and tell anyone they can leverage the fundamental value into a recoverable and profitable ore body. So far though, they have not been able to prove that.

I hope this helps somewhat.

Salut - Leigh McBain