These 2 items from the press release seemed about as bullish as news can get:
"includes 16.59 oz/ton gold over 8.2 feet"
isn't 16 oz/ton an astounding concentration of gold? I don't recall seeing that rich a finding in any of the other juniors I follow or own
"in newly identified northeast-trending subzone"
NEW subzone, as in one we didn't know about before? so this is verification for those of us who think RBY is probably sitting on a very sizable resource, perhaps with at least 10 million ounces of gold
the thing that just baffles me is the market's disregard for these shares...let's review
-gold around $1350/oz and probably heading higher
-most other juniors much higher in price over the last few months
-safest geopolitical location on the planet
-infrastructure in place (power, roads, etc)
why isn't RBY AT LEAST $6 a share?!
"why isn't RBY AT LEAST $6 a share?! "
Because Rubicon is surrounded by 13 ft Aligators that don't want to pay too much. They hire banks with offshore "speciuaal purpose vehicles" (Enron had 855 SPVs set up by JPM for example.
These SPVs then trade RBY like Agassi vrs Pete Sampras for 5 years and the price stays contained
The power isn't there, yet. It is supposed to be there by end of the 3rd quarter, 2011.
I also have never seen better numbers than what RBY has reported over the years.
Bulk sample coming...
Initial NI 43-101 coming, very soon....
My question is why isn't it $8 yet?
I know of only four better. Red Lake mines High Grade Zone (bigger widths of very high grade) and some of the results out of Serra Pelada that Colossus is working on, Nambija in Ecuador in its heyday and the 16 in 1 mine in the motherlode country in California.
As to the Red Lake High Grade Zone, I suspect RBY might well find something similar to it a greater depths.