Ruby Creek Resources Inc RBYC

Test Mining Musings

[Yukon_Cornelius]

Thoughts of sugar plums dancing in my head so I ran some random and conservative? numbers for discussion.
This is for entertainment purposes only:

Assumed- test mining for 180 days at 16/hrs- day = 2,880 production hours

Assumed 75 tons/hr- current previously stated capability as of the October corp. Presentation.= 216,000 tons run.

Assumed the meager .3g/ton = 64,800 g and round it up to 65,000 - divide by 30g/oz = 2,166 oz Au

Assumed $1500/oz (ok that one is high but what the heck- it's a nice round number) and I posit the potential that we could have produced and sold near $3.25mm worth of our testing effort to date.

Scaling up from there and first formal quarter of production pending, that'd be a fine sweetener just to kick this baby off. Merry Christmas to all!

[traveller180]

 So then...and once again...another year has passed. We are still here...I am predicting light snow on Christmas Eve in the DC metro region this year...May happiness, health, and fortune favor all of us this coming year. My personal belief lends me to say Merry Christmas to all. Happy Holidays and best wishes to all.Traveller180

[Yukon_Cornelius]

And a very MERRY CHRISTMAS  to you too Traveller. Looking forward to our mutual journey in Ruby Creek in 2012 and beyond.

[jonggua]

sad to say but they haven't been running 16 hrs a day to my knowledge, but targeting one shift of 12 hrs, with 10 net production. However, they also haven't been running test mining any more than sporadically in order not to jump the gun on a production license. So no huge stockpile of concentrate is there. Also, on this board it was stated that until JPS showed up the testing that had

[Yukon_Cornelius]

We will have to wait and see what they have- but no sales as of 8/31- agreed. I'm thinking more like sales in the past couple of weeks. I also happen to think the .3/ton is a joke. So my numbers are adjustable. 10hrs a day you say? But since when? I recall Rob talking about test mining the equipment at the November 2010 show. Or was it the April 2011? It's all running together now. I&

[Yukon_Cornelius]

https://www.viddler.com/explore/chicagoresource/videos/49/ 8:00 mark- Toby speaks at 11/2010 Chi Res Exp- Currently we have two operating wash plants processing ore as we speak..