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Re: Spanky227 post# 47994

Tuesday, 10/22/2013 6:57:04 PM

Tuesday, October 22, 2013 6:57:04 PM

Post# of 130274
Good to find you so upbeat, Spanky. I look forward to rapid progress being made at the Ruby Mine from now on. An update on the archeological investigation at the Fraser Project should be announced soon.

It will start very soon!

White channel mining will produce some nice gold and will start in the next 1-3 weeks. Hoping for 50-100 ounces in November ramping up to 200-400 ounces in December.

Stay tuned for the raise completion into the black channel. When that hits we will shift into that channel and ramp up quickly.

My personal guesstimate is we mine between 5,000-8,000 ounces next year 2014. 2015 10,000-20,000 ounces.

Concert these to dollars and its $7M - $11M 2014 & 2015 $13.5M - $27M.

The pot of gold is at the end of our rainbow!