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Bullboard - Stock Discussion Forum Rye Patch Gold RPMGD

Rye Patch Gold Corp is a Nevada based, Tier 1 mining company engaged in the mining and development of quality resource-based gold and silver mines and projects. The firm operates in one segment, which is the Exploration and Development of Mineral Properties. The firm operates through two geographical areas, Canada and the state of Nevada in the United States of America. The company's primary... see more

OTCQX:RPMGD - Post Discussion

Rye Patch Gold > $1.30
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Post by ts9222 on Jan 31, 2018 4:15pm

$1.30

$1.30 and under is real cheap in my opinion. I've been buying during this time. The drop in share price dropped the market cap to $85m. Add the $20m raised and the market cap becomes $105m. That is very cheap for a 70k to 100k oz/yr producer in a safe jurisdiction of USA. As an added bonus, the big drop in tax rate from Trump makes it one of the lowest taxed gold miners in the world. 150k oz/yr when Lincoln Hill is added.

RPM already paid down $5.1m of their debt in Dec., reducing it to $21.8m. They should be operating at break even and above now. Most of that $20m raised can go to paying down the debt. The interest cost will be grreatly reduced to give more free cash, and the debt should be gone soon as they ramp up.

Most of their operation has been above plan.
Mined tons 30% above plan
Crushed 27% above plan
Gold price above $1300, above PEA plan
Strip ratio of 0.55 significantly better than the 1.47 planned

"As a result of internal revisions to Florida Canyon's mining plan and changes to the production sequencing, the Company will be using an average stripping ratio 0.8 as a guide for 2018 and an overall stripping ratio of 1.05 for the life-of-mine schedule."
Can they get a one time gain on their financial statement with this improved mine plan?

The one thing not above plan was the leach cycle time. The gold is still there, but it just takes a little longer to come out.
Comment by ts9222 on Jan 31, 2018 9:08pm
The delays that they had: bad weather, construction delay, trucks breaking down, cracked vessel are all temporary problems. Once fixed, steady state operation looks to be good. Gold absorbed onto carbon was low in Q4 of 10,509 oz versus 25,434 oz stacked on pad. The new CIC coming online in Q1 should result in a jump in oz produced. "the planned Carbon-in-Column (CIC) plant expansion is ...more  
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