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Richmont Mines Inc. Message Board

  • for10dollarsmore for10dollarsmore May 13, 2011 2:00 PM Flag

    ANY WORD FROM THE MEETING?

    Please post when you hear or read information.
    thanks

    for $10 more
    ric strong buy to $15.00

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    • You will see all the numbers of the presentation who will be soon on the website.

      Beaufor , high cost production due to low reservs but a new zone near surface is promising
      Igold nothing new , the mine is going well with better grade and an interesting cashcost
      Francoeur , due to a problem at level 15 , production is retarded to 3rd quarter (nothing major, but all the infrastructure are in place , hard to find driller (people who operate drill)
      Monique can be in operation soon , an interesting open pit
      Wasamac the big project , can be in operation in 3 - 4 years but will need a lot of money (200-250 mm$) , the process will be the same as globex mine from agnico eagle and will also need a mill , actually it's drilling and calculating due to the big investment This project will totally change RIC perspective and production

      Richmont is undervaled when you compare with peers and they want to correct the problem.
      Monday presentation in MTL , tuesday Toronto, wednesday New York

 
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