Replies to post #31378 on Value Microcaps Junior Miners

[dr_airtime]

RIC.TO - Here is some background...

...Seeking Alpha Pro pump article looks like it was well timed last week so this could be reason for jump/volume. Good background nonetheless. If this did contribute Richmont should retrace.

http://seekingalpha.com/article/2401975-richmont-mines-a-profitable-canadian-gold-producer-with-a-healthy-balance-sheet-huge-upside

The movement last week irrespective was market anticipating richmont mining 10g/t Island Gold Deep Ore in Q2-14 per PR:

http://ir.richmont-mines.com/en/releasedetail.cfm?ReleaseID=864183

FYI - looks like a lot of gold was SOLD in Q2, they are not neccessarily PRODUCING at that rate. Either way when you book revenue you match the equivilant cost of goods sold by shifting these costs out of inventory.

Being a 100k/year producer with a lot of that production coming from 10g/t ore could be a game changer.

Also a guy over on SH posted a bunch of recent analyst reports this week:

http://www.stockhouse.com/companies/bullboard/t.ric/richmont-mines-inc?postid=22819724