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Bullboard - Stock Discussion Forum Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of... see more

GREY:RBYC - Post Discussion

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Post by traveller180 on Mar 02, 2012 10:55am

My concern

Although it may be misplaced, my concern is Dr. Mengi. He is the largest stakeholder in hndi and has considerable political clout in TZ. Although I do not necessarily believe he would use that for personal or even corporate professional gain, it does still concern me.
Comment by Yukon_Cornelius on Mar 02, 2012 12:14pm
Trav- so noted and thinking on that- I'm not too concerned. His clout does not reach to the NYC courts first off. But beyond that, within his sphere of influence, there is the Mining Minister and Commissioner of TZ that have more than just our property under their domain. Maintaining integrity in the system should be paramount. Add that for all his local pull, he wasn't able to get the ...more  
Comment by traveller180 on Mar 02, 2012 12:22pm
True enough about the Chinese juniors. Thanks for that. With the licenses that Ruby and hndi have in place, I cannot see this being any detriment to potential or ongoing production. I guess I have tenderized that horse enough now that we can cook it and have it for dinner, as it were. Now, lets all convince Toby to start selling bars on their website...lol. With all the money that my wife lets me ...more  
Comment by Yukon_Cornelius on Mar 06, 2012 1:15pm
https://www.stockhouse.com/Columnists/2012/Mar/5/How-China-plans-to-change-the-way-gold-is-traded Prediction: RBYC does a JV with the Chinese parties currently squatting on Mkuvia; Win/Win