InvestorsHub Logo
Followers 148
Posts 34814
Boards Moderated 3
Alias Born 06/16/2004

Re: Tinkerer post# 82

Friday, 06/28/2013 1:19:07 PM

Friday, June 28, 2013 1:19:07 PM

Post# of 279
For the most part it will track back up, especially if and when gold recovers and holds above the 1500/oz price. Of course it's still a company stock which holds risk regardless of whether or not it mines gold, simply because it's a company and could become mismanaged and what not. But RIC has a solid book value and at this point in time is losing money due to the costs associated with mining gold at 1200/oz. I think they are positioned to be profitable however if and when gold is back consistently above 1500/oz.

Good luck.


HI-HO SILVER !!!