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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

Ruby Creek Resources Inc > promises of produx dates
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Post by jonggua on Jun 13, 2012 5:17am

promises of produx dates

Harp was saying they would get into production in 2009 as I seem to recall. Start at 250,000 oz and work their way up to a million, yes, he really said that, at least verbally. Even ruby has repeatedly promised to be imminently in production since 2010. Part of the blame is the good thing of buying the rest of the land around it, part was the interminable delay with closing gold standard (whose fault was that anyway? I dunno.).  Bob Moriarty also boasted about how he was gonna get in production so soon, and he goofed up by listening to the wrong salespeople. However, as can be seen, we now have our first dore bar, but have simply run out of money to vastly improve production rates. Here's to a big enough capital raise to get us solidly profitable, without too much dilution!
Comment by 8saturday8 on Jun 13, 2012 7:38am
I realize that you have a picture of a dore bar. The company should know how much material it took to process to make that dore bar. The grams per ton. The cost and the selling price of the bar. This is all the Ruby shareholders are asking for. Is that a lot to ask for? As far as the property goes. When I was a Ruby shareholder and Ruby was going to buy these other properties I e-mailed Toby and ...more