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Gold/Mining/Energy : Rupert Resources (VSE:RUP) -- Ignore unavailable to you. Want to Upgrade?

To: coug who wrote (108)	5/27/2004 6:12:51 PM
From: BEEF JERKEY	Read Replies (2) \| Respond to of 116

It's a little hard to say how many shares are available for trading. I know the insiders own quite a few million and they won't trade. The ten million that were just issued have a 4 month hold but my understanding is that most of those shares won't be blown back at the market either. I would say it's safe to say a fairly large % of the shares out don't trade how many that is is anyone's guess. As far as price appreciation goes I would think Rupert should be trading at least equally to say RMX or PXI (at it's best). Both stocks have been up to ~$2.00 a share so I could see some upside from here yet. IMO Rupert has a better story than just about any other junior. Most juniors are out there digging in cow pasture hoping for a hit. It's pretty random stuff and a long way from a good hit to working mine. Rupert is right on trend with the richest gold zone in the world. Two of the world's most profitable mines are on that gold trend. Goldcorp is getting unheard of grades out the High Grade Zone. Most gold companies call 3 or 4 grams a ton high grade! Goldcorp is getting an average 80 or 90 grams a ton! Rupert is right on trend and now theres a rumor about high grade in the Far East Zone. Another rumor is that Rupert has some serious money behind them now - they want to do another share issuance for $10 million and thats not a pipe dream - apparently. So my opinion is that $2 a share is totally doable in the fairly near term and realistic - of course if gold goes a lot higher so could Rupert too. Not to say selling here (for us long term holders) wouldn't be a bad move - never go broke taking a profit. Still I think Rup is still way underpriced - I think not too many people apreciate the story yet.