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: Close

Re: Close

in response to by
posted on Mar 02, 2010 04:25PM

Relatively low to average volume today. I suspect the market anticipated the amount of the resource increase and so did not react to it one way or the other. No matter - the real impact will be in how the company executes its plan for building first its reserves, and then its mine.

Infill drilling will positively impact the reserves, as will the inclusion of the zones excluded as of now.

And the company has presented its plan for the mine in its new presentation - building it begins in just over two years in the second quarter of 2012. That's great news, an ambitious goal, and one the market will watch with keen interest. If the company executes its plan with few or little hiccups, we will see a steady increase in our share price - or a takeover. Either way, stay long.

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