Dr Air Re: RIC
Since I hoped on at $1.62 I put in a sell for 2.62 and was out quick. They had an exceptional H1 but H214 production should be down. They hit a very high grade area to pull off H1. H2 numbers will be a disappointment to many, because grades, tonnes and gold being down, should weigh negative on the costs and CF side. This might present an opportunity.
Nine month 2014 gold production of 71,354 ounces
2014 guidance has been increased to 85-90k ounces
that leaves 15-20k for Q4 and a down quarter.
Also, the Pit will be depleted this year, and they will run that stockpiled ore through H1 2015" Starting H2 2015 they will be minus nearly 20k OPY production from this. These last 2 points should be a negative for the shares short term IMO. I dont think most realize this yet.
Developing 600M level will take time, Drifts Venting, elec ect Some production starting H1 2015 but the real progress will come in H2 2015 I guess. This is VERY high grade ore once they start. Production should spike as costs go down. This is why we want to be here, now or maybe better sometime in H1 after the above neg events take place. If further drilling increases the strike, we could see other additional production increases, due to substantial increases in tonnage as well. This will cheaply add capacity to the mill as this is higher grade clean ore.
With their experience, 38m cash, low market cap coupled with their increased production, the shares are an incredible value. The only thing that keeps me from getting back in now, are the large numbers of other incredibly good deals out there. Im Saving some cash for tax loss season. That should be sure to offer some of our best value company's at even greater discounts.
Checkmate
News 
Market Data 
Discover 
