Heliostar Metals Ltd V.HSTR

Like 30M Shares Out?

[POG1200]

Here's a tiny producer with less than that, selling for 10% of RGC

https://stockhouse.com/companies/bullboard/v.rct/rochester-resources-ltd

I'd much rather be pulling for Rochester to mine its way out of debt, then RGC to expand its resource, but that's just me.

RGC has nothing but expenses ahead for itself with no income.  Their only hope is they sell early or give away a huge interest to a partner.  The trend will be down as dilution and financing are its future. 

Explorers are not preferred to producers.  RGC is going to go up on reports - if the reports are good - which I think they probably will be...  Your only hope is to get out on a peak.  The property is 15 to 20 years away from commercial production.  Hanging in the whole time? 

I like the tiny, current producer - trying to expand on a gold/silver property that doesn't even need proven resources.   GLTA

[Ungawatcher]

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[POG1200]

At one time RGC management wanted to parcel out the property into smaller claims, selling them off and maybe keeping one.  Who knows if they still consider that direction or not? Commercial production in 5 - 7 years is very unrealistic, even with the best of partners.  Compare RGC with Nova Gold, only because they are both Alaskan.  NG sits on 33M ounces of proven gold and they

[POG1200]

Does anyone want to defend why you're investing in RGC the explorer instead of TRX the emerging producer?  They're both in the same price range...  How about RCT the tiny producer for 1/10 the cost?  If RCT only produces 8,000 ounces per year, that's $14M in revenue.  How is RGC going to raise $14M when building a mine with a mill to process gold ore and then