RGC is in a very nice position now.... Scott has avoided dilution at the bottom and retained all the projects in good standing through the market downturn.

Looking forward we now can see that the Tower hill project has revitalized the company without dilution which would have held back the stock moving forward as placement stock becomes free trading....

There are no wts outstanding, thus no selling presure will come on that front.

The FRG project will soon see the drill in the ground with a 30% carried intrest at no cost to RGC.

Multiple other Nevada projects are being evaluated by several of the majors and other interested parties. We should see some more jv's coming out soon..... possibly one with a major.

The Red Lake, Newman Todd project is also going to see the drill put into it soon. Scott intends to do a substantual program there this winter of at least $1.5 million which should translate into about 15 to 20000 meters of drilling , as costs have come way down.

From website:
Previous Work:

Previous work by Redstar on the Newman Todd property has outlined gold values within a silicified breccia zone that can traced for at least two kilometres. Two holes, drilled 850 metres apart, both hit high grade gold values (1.0 metre intersection grading 16.35 g/t gold within a 2.0 metre zone grading 12.08 g/t gold and 1.0 metre intersection grading 69.02 g/t gold within a 3.0 metre zone grading 24.84 g/t gold) within similar looking breccias units. Both intercepts are within 200 metres of the surface.

There are 3 ways the Newman Todd could be financed....
1) a jv for 50% of the project for a substantual work program of maybe 4 - 5 million over 3 years... This is no risk and no dilution to existing shareholders if a jv is achieved.....

2) Doing a PP in the 25 to 30 range via a combination of common and flow through stock... This would dilut the company by about 6 million shares and 3-6 million wts.. Lets say wts @ .40 with an escalator clause @ .60... Potentially $1.2 to 2.4 million for a phase 2 on Newman Todd.

3) Wait till spring as the ITH shares increase in price and become free trading, these shares could be sold and pay for the first large scal Phase on Newman Todd. The share price would run on this and thus a PP could be done at a higher price, Thus less dilution for the next phase on Newman Todd.

The way I see it, RGC is coming out of hibernation and will soon see renewed investor intrest . Don't be in too much of a hurry to unload your shares as this is just the opening chapter of the evolution of RGC....JMHO