Ruby Creek Resources Inc RBYC

share price prediction

[jonggua]

with a $2400 gold price and $400 all in gold expenses, and at full production of 1000 m3 x 20hrs a day for 2013, we could have $4 share of ebitda. dunno what tax rates would be, but wonder if 15-20x ebitda or CF/share is reasonable. This is a $60-80 share price in late 2013/early 2014 when the earnings become apparent. Obviously $1500 gold changes these assumptions, but of course, $3000 gold does too. Also, if they start parceling out 25km2 blocks to several other companies in 2012 and prove up some millions of oz, it would further strengthen the case for a $50+ share price in late 2013. Maybe given investors hatred of alluvial, a comical more expensive hard rock find may ignite the markets interest instead.

[Public_Heel]

I would LOVE to see a farm-out to a major of a big chunk of their territory, not just because of the development capital it would bring in, but also because it would be a vote of confidence. Puts me in mind of TAO's farmout to Apache of their stupendous East Coast potential in New Zealand. As for your multiples, 15-20x EBITDA seems VERY high. Unless, of course, the price is actually based on