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Rubicon Minerals Corporation Message Board

  • clamdigger_97 clamdigger_97 Apr 21, 2013 9:40 PM Flag

    Anyone read SA article about "trap door" under PM miners & explorers?

    I think it explains why the PM co's are diving even faster than the POG. If RBY has no intention of building a mine but just seeks to build M&I resources it will have to contend with the dropping POG which forces a higher cutoff grade and thus LOWER resources. Such companies are known as "hoarders" according to a Hard Assets interview this week. Buyers know this situation and will pick up the junior "hoarders" at the bottom of this plunging cycle. In hindsight I wish RBY had the stones to start low volume/high grade production and prove their reserves the old fashioned way. Just more buyers remorse I guess. I am down so far now I think I will just hang on until the sooner of forever or TSHTF.

    Sentiment: Buy

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RBY
1.41+0.02(+1.44%)Aug 29 4:00 PMEDT

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