strong close 400k for 75c in last minute, page-4

They were average grades, over the past 30 years grades have decreased - gold more expensive to mine. As the gold price peaked in 1980 we mined lower grade ore to keep reserves for the future (fortunately) also we couldnt mine the supporting structures which were planned long before the grades were known. The "gold nearby was in face iron pyrites - looked like gold but wasnt. Gold in deep mines is black.
What I am sayning is that the actual reserves at present with RMS only supports a price of 70 cents the rest is blue sky. This depends on the ground type (quartz unstable) and price of gold. The reserves are NOT exceptional on a mine life basis. They are pretty average. The reason I like the stock is it has cash and the directors are not paying themselves huge salaries - yet.
I believe the gold price will be $1800 american by end of January BUT ONLY if a major european bank collapses (which I am expecting). In this case ALL shares will tank thats the time to buy when everyone else runs. That time I feel will be soon so have cash available and dont chase RMS - patience as R says!.
Enjoy the wekend.