John Kaiser recommends Rye Patch Gold
Big Al
March 14, 2014
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Synopsis: Rye Patch Gold Corp, headed by Bill Howald, has gold exploration projects in Nevada’s Oreana Trend southwest of the Spring Valley deposit an the Cortez Trend southeast of Barrick’s 14 million oz Goldrush deposit. The most advanced Oreana Trend project is Wilco in which Newmont has a right to claw back 70% for $20 million upon Rye Patch completing a positive feasibility study. Lincoln Hill, also in the Oreana Trend, has a modest silver-gold resource. In June 30, 2013 Rye Patch reached a settlement with Coeur Mining Corp on the Rochester claims Rye Patch staked in 2011 after Coeur accidentally let them lapse. Rye Patch received $10 million and 3.4% NSR that applies 2014-2017 for a maximum production of 39.4 million silver equivalent ounces.
Discussion
3 Comments
Mar 14, 2014 14:42 PM
Mar 14, 2014 14:48 PM
Not investment advice,but I definitely agree with you Shad.
Mar 17, 2014 17:56 AM
Lets hope they actually release the PEA as Bill said they would before the end of the first quarter.
They have been wrong on information delivery dates several times in the past.
Yes – Now with the Coeur ATM rolling along at about $4 million a year, their discovery is being totally funded by the 3.4% Net Smelter Royalty stream. The $10 was nice as well on the Coeur settlement. What is crazy is that after all that good news was announced the stock continued to fall like nobody even noticed.
This stock will be re-rated soon when a few more drill updates come out and people realize what a diamond in the rough this junior exploration company is. Yes they have good deposits on previous mining areas, with a great management team, and in today’s market something very exotic – funding and $$$$ for exploration! This should be in the $.30-.40 range in 6 months.