Richmont Mines is a very efficient mid-tier (?) gold producer, operating a few (still) small producing mines with alot of upside exploration potential.

New projects are in the pipeline and the one that has been fast-tracked this year is the Monique Project, literally next door to GAX Regcourt Project.

RIC has just aquired the remaining 19% of the Monique Project and with 100% ownership they now seem very committed to bring that into production as quickly as possible.

Just have a look at the pace of development over the last 4 months:

http://ir.richmont-mines.com/en/releasedetail.cfm?ReleaseID=567814

http://ir.richmont-mines.com/en/releasedetail.cfm?ReleaseID=586712

http://ir.richmont-mines.com/en/releasedetail.cfm?ReleaseID=600836

They obviously like what they find and are already proposing a small open-pit scenario.

Have a look at their longitudinal sections and results:

http://media3.marketwire.com/docs/J-Zone.pdf

http://media3.marketwire.com/docs/G-Zone.pdf

http://media3.marketwire.com/docs/Longitudinale_Section_EN.pdf

If GAX can come up with similar results, and Phase I drilling has shown the potential already, we could be in for a big surprise, imho !

FANTOMAS