Re: RYG Insider Action..things starting to heat up..
posted on
May 19, 2011 05:03AM
They have planned 6000m drilling each for Ida Oro and Mathin.
The 2011 exploration budget is $ 15M with 2/3 being spent on geophysics on their vast land holdings.
Most of the properties are not drill ready and in early exploration stages.
I hope they find something at Ida Oro's "Heart of Gold".
Otherwise, the market cap is quite lofty for this year, being around $ 200M fully diluted.
Btw, new presentation May 2011 on their website.
FANTOMAS