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Rye Patch Gold Corp. (TSXV: RPM) - Investment Highlights
- Rye Patch is an ambitious junior gold exploration company focused on building a sizable gold reserve of over 10 million ounces within 3 years.
- The company’s gold projects are in Nevada, a proven gold mining jurisdiction. More than 80% of gold production (over 6 million ounces annually) in the U.S.A is done in Nevada.
- Prominently located in the prolific Nevada gold district with advanced exploration properties. RPM is an advanced stage exploration company which has 1.2 million ounces of measured and indicated gold equivalent resources, which is a whopping 47% of its 2.5 million ounces of total gold equivalent resources.
- Because of RPM’s aggressive exploration program complemented by growth by acquisition strategy and its undervaluation relative to its peer group, it could become an irresistible acquisition target to bigger mining companies like Newmont Mining and Kinross who are also operating in the Nevada gold district and could face depletion of their existing mineral resources.
- Strong management team steeped in exploration and production experience at big mining companies. Within a few years, RPM posted a very respectable 2.5 million ounces of gold and gold equivalent resources on its books and racked up good drill results on multiple properties, showing that it can deliver.
- The company raised $6 million late last year to fund its exploration programs. A well capitalized treasury ensures that the company can focus on its exploration program to confirm and expand resource estimates.
