Verified with CEO Ruby mining will begin in the next 4-6 weeks.
Maybe sooner. After 3 long years we are on the doorstep of actual mining. Once the official word is given 12 months later they have a goal of mining 1000 ounces per month and 24 months later 2000 ounces per month. Ruby expected to cost $450 - $500 per ounce so today's profit would be $825 - $875 per ounce.
1000 ounces X $850 = $850,000 per month
2000 ounces X $850 = $1,700,000 per month
Ruby opening = all debts paid and plenty of money to open 2 additional mines per year = rich shareholders
Great up-date today and now we know where we stand.I think this is prime time to start or add to you positions as we await news from the Fraser property.Ruby may be a week or two off depending on the Govt shutdown but we will be mining thru the winter according to the PR.
Down to 2-4 weeks before mining begins. What a steal under .10. I am buying as much as I can before the news hits that Ruby is opening. Also this is no scam if so it surely hasn't been run like one. CEO largest shareholder and not a seller. Low O/S less than 115 Million with a float of approx. 50-60 million if that. Once mining begins should start on a nice upward pattern ending up around .20.