With the gold market going down, we have no choice but to accelerate to production and start producing some share holder returns or this Co will go to under $1, buyout on the cheap, shareholders will paitent shareholders will get sold out for huge losses. Arguments for & Against welcome. kg
since i only got about a $1 left to my name after such a wise investment,,,i ll bet ya that buck, that no one here that bought at $4.50 or higher will nevvvvvvvvvvvvvvvvver get their money back,,,,evvvvvvvvver. sad to say i m one of them but luckily i sold half my shares at 2.25 and put it all on FUSE SCIENCE and will have my money back by the end of the year. good luck ,,,,cant wait for this big meeting on june 26. prob. announce it was really fools gold and we just found out. they ve been soooo on top of things.
Management needs to be paid in stock and only stock.! as long as they are being paid in cash evry year, big money, no need to hurry things alson.
Sentiment: Strong Buy
I'm pretty sure that's what they are doing kg... and to produce they need a mill. Unless they can ship the rock and get it milled somewhere else (that has been discussed on this board a few times in the past)... production is contingent on installation of a mill and the rest of the equipment needed to process the ore.
Mries, What are you referring to when you say, "pretty sure that's what they are doing "? I don't pretend to stay up on RBY but also don't recall any news saying they're starting 'production now. Last meaningful news release I recall RBY's still drilling/exploring past 610. Not producing a think yet! And why aren't we hearing they've already acquired/built a "mill"? Seems like something RBY could be doing while they're burrowing to China! kg
They do need a mill and the other equipment to go into production. While we wait another fourteen months or so for this to occur (mid 2014); why does RBY not stockpile ore instead of deepening the shaft towards the 1,000 meter level so that when surface facilities are ready, they can ramp up production immediately after doing the proper testing of the mill?
Of course they would have to have the proper equipment in place to move the ore to the surface and a place to stockpile said ore..... neither of which RBY has in hand...... they could use the area that they are moving the rock from the shaft to stockpile the ore - the shaft has to have gone through a number of ore zones that should have been separated from the country rock for processing....
just a thought....