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Richmont Mines Inc. Message Board

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  • whitesands_8 whitesands_8 Sep 19, 2011 7:03 PM Flag

    For concerned longs

    I'm not really concerned but I'd like to see gold correct to 1700 and Ric to $10.16 to retest the old all time high...Would be a very nice buying opportunity..Will it happen ? Who knows but if it does and if I have the opportunity I'd like to buy more at that level..That said, even with RIC at $12 it might very well be considered very cheap if gold trades well into the $2000 range...At these gold prices it might put RIC earnings over $1/share...At current earnings RIC could easily trade in the $20 range, and at a $1/share well into the $30's.

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