Rainy River Resources

NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)

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Message: New York Gold Conference

Re: Financing

in response to by
posted on Feb 11, 2010 07:56PM

I gave you a thumbs up for the response. I don't have the inside track on valuations within the industry but I would ask you why this disparity between measured and probable resource valuation. And were those valuations based on $800 to $1200 gold because they sound more like $250 to$600 dollar gold! LOL I realize part of Rays job is to promote and sell but do really think he would skew the data that much? So are you suggesting that those who bought the recent financing at $4.95 are suckers or just very optimistic, to the tune of $40 million dollars in this economic climate???

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