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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 > Current state 7.30.12
View:
Post by Yukon_Cornelius on Jul 30, 2012 9:50am

Current state 7.30.12

Time lost can’t be recouped. So where are we now?

Ruby Creek possesses several PL’s on substantial gold-bearing acreage in Tanzania. In addition, we have a mining license to start production, and a corresponding environmental/social impact assessment in place which should ease the way for the additional MLs outside the GS1 property.

What we lack:

  1. Funding
  2. Plentiful reliable production equipment
  3. Market interest in our stock

How do we get to where we’d all hoped and expected by this time? Number one leads to numbers two and three. Among the field of our junior peers, my hope and belief is that we’re an attractive investment, given the above.  

The Euro and USD remain precarious.  China is now the operator of the metals exchange, and Jim Sinclair remains stalwart that gold is the lone safe-haven; the last man standing.

All things considered .20 per share, small float and overall shares issued and outstanding, RBYC could still end up being be someone’s ‘darling’.  Keeping the faith here as the favorable climate for being in gold returns.

Comment by DRRabbit on Jul 31, 2012 6:57am
I like our chances based on the resources we hold. It's doesn't seem to be a very good time to be investing based on lingering economic worries but I think we'll be alright; just might take longer than we hoped, as Yukon said. Looked like a few people picked up some bargain basement shares yesterday......as low as 11 cents!
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