19:53:06 EDT Thu 31 Oct 2024
Enter Symbol
or Name
USA
CA



Rye Patch Gold Corp
Symbol RPM
Shares Issued 146,346,746
Close 2013-05-07 C$ 0.375
Market Cap C$ 54,880,030
Recent Sedar Documents

Taylor says hold Rye Patch

2013-05-08 16:20 ET - In the News

Jay Taylor, in the April 17, 2013, edition of Gold, Energy & Tech Stocks, says hold Rye Patch Gold Corp., recently 35 cents. Mr. Taylor said buy three times from Feb. 14, 2011, to Sept. 17, 2012, at prices ranging from 40 to 54 cents. Assuming a $1,000 investment for each buy, the $3,000 position is now worth $2,336. Rye Patch and Coeur D'Alene Mines Corp. continue to dispute each other's ownership of the LH claims in Nevada. Mr. Taylor says the law is clearly on Rye Patch's side, and he believes the company will eventually win the legal battle. He notes a similar, recently concluded case (Majuba Mining Ltd. against Nevada Copper Inc.) has set a favourable precedent. The gold bug says LH contains $1.47-billion of resources, but even without it, Rye Patch has a measured and indicated resource of 2.4 million ounces of gold equivalent (gold and silver), and an inferred resource of another 1.05 million ounces. Mr. Taylor says the stock could rise significantly later this year, because the company has an appointment with the Nevada Supreme Court in September, and it expects to release a preliminary economic assessment for the Gold Ridge, Wilco and Lincoln Hill projects (Nevada) in the fourth quarter.

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