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Wednesday, 12/31/2008 12:15:44 AM

Wednesday, December 31, 2008 12:15:44 AM

Post# of 5230
OT:My other favorite mining stock is RIC. A current politically safe Canadian Gold producer listed on the Toronto and Amex. In production costs coming down. Should produce 75,000 ounces in 2009.Estimated 1 dollar per share cash and no debt trading at 1.65-1.70 USD. A Claude Cormier favorite.He thinks we could see very good EPS and CFPS numbers in 2009 and I agree. A very conservative company IMO.

http://www.richmont-mines.com/tiki-index.php?page=HomePage

Several million ounces of gold in all categories:
http://www.richmont-mines.com/tiki-index.php?page=op_table

End of third quarter:

$29.6 million in cash and cash equivalents with no long-term debt at quarter-end;(may be less by 4-5 million after 100% acquisition of PAT and the remainder of the Island Gold project)

Very low share count for a producer with several million ounces:
BASIC WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING
(thousands) 23,924 (23,924,000)

http://ir.richmont-mines.com/en/releasedetail.cfm?ReleaseID=344091

I do not believe that there is a RIC board so apologies in advance for OT post.

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