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Richmont Mines Inc. Message Board

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  • whitesands_8 whitesands_8 Apr 12, 2012 11:04 PM Flag

    It is too cheap , gold is back $ 2500 , all in

    I thought you said you were selling some RIC ?

    My favorites are TRX, RIC, MUX, PVG, SA...

    But there is nothing out there like RIC...No debt, lots of cash, very few shares outstanding..RIC is HIGHLY leveraged to the price of gold...When gold goes up, RIC earnings go up BIG...

    • I am long RIC but check out third mine profits to a dividend. They are well on their way to delivering 120-140K oz this year - up from last year less than 70K and Next year 200K...

      and 30 miles of trend.

      The div by the end of next year could be well north of $1.5 per share. At 2% yield...$75 share the div. Offah.

      RIC will do well...nicely long.

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