Ruby Creek Resources Inc RBYC

predicted breakeven

[jonggua]

These figures are from last year's October issue in which their predicted produx figures are no longer valid, but I bring the following up since so far at least they haven't been publicly repudiated. They predicted cash flow positive at $1500 gold and 500 oz/mo produx, for a annual revenue of $9M. This would take 80 cbm/hr at 15 hrs day/ 6 days week/ 50 weeks yr and .5 gm3.  With higher gold prices, that breakeven point lowers if the grade remains the same. At $2000 gold, we'd only need 60 cbm/hr, and at $3000 gold only 40 cbm. My point is that even if financing falls thru (I have no inkling that this is the case, just thinking thru worst case scenarios) our current installed base of 40-60 cbm/hr could possibly still carry us as a company with a sharply rising gold price. Making it as a company UNTIL that higher gold price would be a challenge though. We need more cash and soon. 

Now that I think about it though, worst case scenario might just be a pair of man eating lions who choose to prey on our TZ workforce, ala one of my favorite movies, "Jaws on Land" as I like to call it. Real title--"The Ghost and the Darkness"

[dunkindonut]

I understand everyone's need for some type of predication of future potential, but at this point with Ruby not releasing any information, it seems quite pointless to speculate given grades and recovery percentages are not known which are the biggest driving factors. The possibility gold goes higher is always positive but what if the grades go lower? Even conventional mines run into high and

[Yukon_Cornelius]

Send Toby an email with your phone number- he'll call you. Agree the grades will vary- but the milestone of recieiving our first production report means we can be valued by the market as a producer- not an exploration co. People want to draw that comparison with Handeni? They're at least 2yrs away from pulling any value from the ground. (And I own some HNDI- too much at this sorry point

[8saturday8]

I have been hearing for years about all the money that the Ruby shareholders were going to make. All the way back to Mikuvia where they were going to produce 50,000 ounces of gold a year and the mining permit is right around the corner years ago. All I wanted to see back then was production. I did not care what color the equipment was painted. Right now there is suppose to be so much gold on the

[dunkindonut]

I could call investor relations and so could everyone else but it seems like a very inefficient way to get the message out about the company. A better way would be if Investor Relations puts out a statement in writing for everyone to see so that it can be referred to in the future. I'm sure you have talked to many IR persons from many junior miners and what percentage of them were

[Yukon_Cornelius]

I called Toby late yesterday afternoon. And while I agree in general, that IR reps are prone to blowing sunshine up your donut hole, Toby is not that type. Keep in mind, he's wearing 2 hats there, and his engineering background lends more to the rational and sensible vs. the sensational hype.  Late June/early July- he confirmed- we'll see our first numbers in the quarterly