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Rubicon Minerals Corporation Message Board

califmale05 64 posts  |  Last Activity: 23 hours ago Member since: Jun 7, 2006
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  • Reply to

    RBY, Where does Rob live?

    by rockyreiss2 Sep 18, 2014 5:20 PM
    califmale05 califmale05 23 hours ago Flag

    Also, what kind of car does he drive, a Mercedes?

  • Reply to

    Denver Gold Show

    by stock_canines Sep 17, 2014 3:56 PM
    califmale05 califmale05 Sep 18, 2014 4:25 PM Flag

    GMM, Congratulations on your sale of shares at reasonable prices. One could say that you are trader since you bought and sold which is okay, we can still be friends. Califmale

  • Reply to

    Denver Gold Show

    by stock_canines Sep 17, 2014 3:56 PM
    califmale05 califmale05 Sep 18, 2014 2:59 PM Flag

    If I recall correctly, RM sold his RBY shares for about $4.14/share, smart man.

  • Reply to

    Denver Gold Show

    by stock_canines Sep 17, 2014 3:56 PM
    califmale05 califmale05 Sep 18, 2014 2:24 PM Flag

    Kind of like biotechs, it may be best to own miners early on during exploration, similar to owning a biotech during phase I & II of creating a drug. Once you get to mining or phase III the result has a lot of potential to be binary, good or bad, with the exception that maybe miner mines what it's expected to mine.

  • Reply to

    Any candles, Wulf?

    by jazenevd Sep 17, 2014 3:55 PM
    califmale05 califmale05 Sep 17, 2014 9:22 PM Flag

    Wolf, Please keep posting your thoughts related to your technical analyses. I'm always looking for a good trade and these analyses can be helpful in the decision making process. Califmale

  • Reply to

    Denver Gold Show

    by stock_canines Sep 17, 2014 3:56 PM
    califmale05 califmale05 Sep 17, 2014 5:11 PM Flag

    You've been around awhile, remember when much less was known about F2 and the POG was 1,050/ounce, RBY shares sold for over $5, go figure.

  • Reply to

    For Rubicon's Investors & Detractors

    by goldmetalmania Sep 17, 2014 1:33 PM
    califmale05 califmale05 Sep 17, 2014 1:52 PM Flag

    My good friend GMM, For someone who owns the amount of shares that you say you do, you may want to look at slide 14 of the current presentation which has exactly what you are asking for. Furthermore, for those of us who can think, you should be very appreciative of us doing a minimal amount of homework that may help you to potentially protect or assist you in making decisions about your enormous investment. Califmale

  • Reply to

    All In Costs

    by pioneerrubi Sep 16, 2014 10:58 AM
    califmale05 califmale05 Sep 17, 2014 11:47 AM Flag

    My last comment on this topic - if what you have written is in fact the case why didn't RBY conservatively estimate these costs put a more representative number in their presentation?

  • Reply to

    All In Costs

    by pioneerrubi Sep 16, 2014 10:58 AM
    califmale05 califmale05 Sep 17, 2014 11:37 AM Flag

    "The all in sustaining costs were calculated on a head grade of about 8.1ish gpt and the actual production head grade will likely be in the 12 - 15 gpt range. So, I think the 870 all in sustaining costs are very conservative."

    Agreed, hence the reason I stated:

    "I’m not predicting where the POG will go, but if it were to be below $1,000/ounce, I don’t think RBY with their current staff and continued exploration could mine the gold as is stated from the MOST RECENT PEA for profit."

  • Reply to

    All In Costs

    by pioneerrubi Sep 16, 2014 10:58 AM
    califmale05 califmale05 Sep 17, 2014 11:34 AM Flag

    GMM, For you, the RBY stock price is going quadruple and there is no risk, plus we are all friends. Califmale

  • Reply to

    All In Costs

    by pioneerrubi Sep 16, 2014 10:58 AM
    califmale05 califmale05 Sep 17, 2014 11:30 AM Flag

    Allocation of estimated corporate overhead costs and exploration costs, which RBY said they did not include.

  • Reply to

    All In Costs

    by pioneerrubi Sep 16, 2014 10:58 AM
    califmale05 califmale05 Sep 17, 2014 10:49 AM Flag

    No matter how you slice this, the comparison above made is not valid IMO. The industry is moving toward all in sustaining cost, no doubt, but in RBY’s case the all in sustaining cost of $870 leave out some important costs that all others use. Unfortunately, comparing RBY’s limited or tapered all in sustaining costs to the producers all in costs is like comparing an apple to an orange. I’m not predicting where the POG will go, but if it were to be below $1,000/ounce, I don’t think RBY with their current staff and continued exploration could mine the gold as is stated from the most recent PEA for profit.

    I’m not bashing, but stating the facts as I’ve read them. I do not have a financial background and welcome all comments and hope to be proved wrong.

  • Reply to

    All In Costs

    by pioneerrubi Sep 16, 2014 10:58 AM
    califmale05 califmale05 Sep 17, 2014 9:50 AM Flag

    All in sustaining costs definitions:

    Agnico Eagle

    Total Costs (net of by-product credits) + Sustaining Capital + Corporate, General and Administrative expense (net of stock option expense) + Exploration expense

    Newmont

    All-in sustaining cost (“AISC”) is a non-GAAP metric defined as the sum of cost applicable to sales (including all direct and indirect costs related to current gold production incurred to execute on the current mine plan), remediation costs (including operating accretion and amortization of asset retirement costs), G&A, exploration expense, advanced projects and R&D, other expense, net of one-time adjustments and sustaining capital. Note that the Company has updated this metric to now
    include the sum of costs associated with producing and selling an ounce of gold, exclusively, from all operations.

  • Reply to

    All In Costs

    by pioneerrubi Sep 16, 2014 10:58 AM
    califmale05 califmale05 Sep 16, 2014 4:37 PM Flag

    RBY all in sustaining costs do not include preproduction capital expenditures, allocation of estimated corporate overhead costs and exploration costs. Do the all in cost of the companies you listed fit this same criteria with the exception of pre-production costs?

  • Reply to

    Time, Money & Patience

    by goldmetalmania Sep 12, 2014 7:42 PM
    califmale05 califmale05 Sep 13, 2014 3:55 PM Flag

    Stated directly to a good friend of mine from RBY IR's, about the time of they working on financing, toward the end of last year.

  • Reply to

    Time, Money & Patience

    by goldmetalmania Sep 12, 2014 7:42 PM
    califmale05 califmale05 Sep 13, 2014 9:59 AM Flag

    Time, Money & Stupidity

    GMM,

    Many, many, many on this message board have called you a fool or even an idiot, I’m simply commenting on one of your irrational statements so a new investor does jump in all at once without knowing the true realities of this stock. So I’m not misquoted, below is my response to your statement “I am 100% comfortable with Rubicon”:

    “GMM, Buy and hold in the new market place with speculative stocks is something of the past and to say you are 100% comfortable in an equity that can shut down due something it cannot control, such as the POG, is absurd.”

    GMM, I don’t always do this, but I’m going to let you in on a couple of secrets: the POG has been going down over the past few years from its peak of about $1,900 and continues to go down; Rubicon has publicly stated it will not mine if the POG is $1,000 or less, which means in laymen terms, no profits.

    To me the definition of being 100% comfortable means that you have no doubts, so if that is the case, you should double or triple down your position, why not make more money on your investment? And as you say, sure Rubicon has thus far beaten the odds, but they’ve also beaten up many shareholders to get to where they are. This brings me to my last secret, if you had bought RBY five years ago, it was a mere $3.90/share, and now it’s $1.37/share, that’s a robust 65% decline, you don’t just get that with any investment, one must try hard to achieve this type of decline, perhaps blindfolded works best.

    Califmale

  • Reply to

    Reality Check - All Comments Welcome

    by califmale05 Sep 11, 2014 11:26 AM
    califmale05 califmale05 Sep 12, 2014 12:21 PM Flag

    "Why buy RBY now?" I should have spelled it out, but that was insinuated in the last paragraph with all the other questions. I was looking for the silver bullet, but have not found it yet.

  • Reply to

    Reality Check - All Comments Welcome

    by califmale05 Sep 11, 2014 11:26 AM
    califmale05 califmale05 Sep 12, 2014 8:50 AM Flag

    All good responses below. It's great to hear different view points, rather than simple cheerleading. Breif responses to comments below:

    “The dynamics of investing have changed dramatically in the past 7 years. Investing in gold and miners may have seen the most dramatic changes. I think retail and institutional ownership will continue to decline until changes are made to create a more judicious market system.”

    Brown, I could not agree more with this statement, it’s a macro problem with the markets in the information age and the retail investor is clearly at the bottom of the food chain.

    “When production comes it brings the last nail to this coffin. No profits”

    Jazen, Almost completely depends on the POG, let alone another error by management.

    “I pulled out of RBY halfway through your first list of events in utter disgust with management.”

    Bilbo, If I saved you or anyone else from losing money, I could not be happier, congratulations!

    “Most of us RBY bulls bought because Red Lake is the place to be because of its high grade history and Rob.”

    Rocky, Agreed why most investors bought, I hope it all works out for you.

    “For me, the big question is what happens to the price of gold.”

    Sewell, completely agree it’s mostly, if not all about the POG, I hope it works out for you also.

    “I am 100% comfortable with Rubicon.”

    GMM, Buy and hold in the new market place with speculative stocks is something of the past and to say you are 100% comfortable in an equity that can shut down due something it cannot control, such as the POG, is absurd. It appears that dumb luck has do you well in the past.

    “I think a major change that few integrate into the mix is the change of the mining process where a much larger area will be mined and the ore grade will be significantly lower than the original mining process where they would have just mined the higher grade ore......if you mine 3 gpt ore you might as well process it.”

    Rkymtgeo, You could be correct, only time will tell.

  • Reply to

    The dollar over the last three years

    by sewells831 Sep 11, 2014 2:50 PM
    califmale05 califmale05 Sep 11, 2014 3:14 PM Flag

    You make a valid point, if the dollar does not continue to push higher and gold rallies, perhaps the juniors will be off to the races first.

  • I've followed RBY since 2007 and have seen just a few ups and several downs. Not in any particular order, but it seemed liked a great junior miner until:

    - RM exits
    - BCSC issue
    - Slowed if not stopped news releases, silence
    - Mishandled/communicated bulk samples
    - Slowed if not stopped news releases, silence
    - DA/CEO/President resigns and goes to Board
    - Slowed if not stopped news releases, silence
    - Agnico in and then mostly out
    - Delayed PEA
    - Slowed if not stopped news releases, silence
    - RBY delays production by going below 1,000 meters and changing mining process
    - Lackluster revised PEA
    - DA finally leaves COB position
    - Numerous missed deadlines
    - No dilution, dilution
    - WFN fiasco brings down share price, but now almost legally gone, share price does not rise
    - Production date pushed back and back, now mid-2015, but recently confirmed on track
    - Markets continue to rise, but not RBY or POG

    So, what's next?

    - RBY is taken out
    - RBY's share price drops and is taken out
    - RBY is never taken out
    - More dilution at time of production
    - POG plummets, RBY's timing is off and who knows where the share price lands
    - POG rockets, RBY's timing is good by luck
    - Market tumbles and maybe takes RBY with it
    - Market continues to go up and RBY slowly or someday gets on board

    There are many permutations and combinations that could play out, many of which are not listed, but one has to ask, there are a lot of smart people out there working for financial institutions that research and invest in mining companies, how come they are not taking into account conservative 43-101? Are they worried about the POG? This being speculative stock, what is the ultimate upside in share price? Perhaps the real bulk sample result will occur within the first six or 12 months of production? The POG has been declining for a few years and again we are nearing the season where it should go up, will it go up or continue to decline? Lots of moving parts, all comments welcome.

RBY
1.24-0.05(-3.88%)Sep 19 4:02 PMEDT

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