Opinions
Rick Rule
Rainy River Resources Ltd
RR-T
COMMENT
Mar 03, 2009
Doesn't own any of the big Canadian developmental deposits because Canadian ounces are valued in the Canadian markets at higher prices than it is valued in other places. They are very good in exploration and he believes the resource they will report on the 43101 will be bigger than the market expects.
$1.650
Stock price when the opinion was issued
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Gold. Exploration, not production but has an identified resource. In Ontario so no political risks. Very large exploration budget and has been very successful. Have allocated money for 2011 program. Extending their drilling deeper where grades are better. Expect to see a new and larger resource by next year.
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COMMENT
Sold his holdings because he wasn’t comfortable where management was taking it. New management has turned it around. Large disseminated deposit and the question is, how disseminated is it really. They are at the stage where the question is what is this thing and how are they going to mine it.
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