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Gold/Mining/Energy : Precious and Base Metal Investing
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To: loantech who wrote (2629)3/21/2002 9:11:13 AM
From: Claude Cormier  Read Replies (2) of 39344
 
<Not much has been mentioned about Richmont lately. Are they still looking to add to reserves or merge? >

Yes. Still looking for a good project where to invest their cash.

RIC is leveraged mostly to higher gold prices. They have some exploration potential, but nothing exciting. Reserves are good for 5 years plus at 100,000/year. A lot of cash flows coming in.
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