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Richmont Mines Inc. Message Board

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  • whitesands_8 whitesands_8 Jan 6, 2011 5:12 PM Flag

    they TRADED past my $4.87 BID just now.

    I bought more today...RIC's average gold price in Q3 was 1244...Q4 gold price is well over $1300 they should be able to easily meet their 65,000 ounce/year target which at current stock price would push the P.E. well below the industry average of p.e. 29 (28.94 actual)...

    They need to produce 15,468 to meet their yearly target of 65,000 ounces and they could get a least $100 or more per ounce than Q3..At current price it could be p.e. 16-19 which means an easy $7- $9 in a few months..And if gold really begins to ramp up in price and we could see some big moves..

 
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