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Richmont Mines Inc. Message Board

  • whitesands_8 whitesands_8 Nov 30, 2012 3:41 PM Flag

    The golden Ticket for RIC is the gold price

    If you believe gold is going higher (Jim Sinclair says to and through $3500 by end 2015 at the latest) then RIC is your golden ticket...Furthermore, when Jim used the same formula to calculate gold's ultimate price that he did in 1980 his target is $12,500/ounce.....Wasamac becomes extremely feasable in the $2,000 range, huge profits at $3000.....Say we hit $2100/ounce or more next year at 65,000-70,000 ounces it will be a massive profit on their current operations alone....

    Management is making changes, concentrating efforts, and getting rid of extra expenses so it'll be that much better when a higher gold price is achieved.

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8.85+0.15(+1.72%)Aug 26 4:02 PMEDT