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Strategies & Market Trends : Value Investing

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To: JakeStraw who wrote (41921)	8/30/2011 1:38:30 PM
From: E_K_S	Read Replies (1) of 78744

Hi Jake - Richmont Mines Inc. (RIC) finance.yahoo.com Good call on Richmont Mines Inc. (RIC). Some pretty good news announced today. Stock up over 12% today. Richmont Intercepts 7.28 g/t Au Over 31.40 Metres at Wasamac; New Drill Results Reaffirm Strong Potential of this Project Tuesday August 30, 2011 finance.yahoo.com ---------------------------------------------------------------------------------------------------- You were right that the company had good assets with a smart family owned operator/management team. The company continues to be profitable w/ a trailing PE of 15 and no debt even as they expand their mining operations. Stock is up over 60% since you first mentioned it back in March 2011. Unfortunately, I sold my small tracking position for a 35% gain recently when gold prices reached all time highs. I own many other producing gold mining stocks (some even pay dividends) but none of the Jr miners like RIC. RIC has been one of the best performers I have ever owned from the point of view of creating value of their operations though mine expansion. Gold hitting new all time highs has also helped. EKS

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