Richmont Mines, Inc. (USA) (NYSEMKT:RIC)
The Company is engaged in the acquisition, exploration, operation, financing, and development of mineral properties.
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Recs
value play
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Value play. Overly-trounced by the market.
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trying to catch a falling knife
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Their current explorations in Ontario for 2012 looks promising
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The price of gold will rise due to the demise of the dollar
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Once they bring their expenses down, this should continue to grow with the help of the high price of gold currently.
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P?E should rise as production grows with new mine producing.
High cost per oz of gold produced should make stock price very sensitive to gold price
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I like this one and mining stocks are a love affair of mine.
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IN THE RIGHT SECTOR
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so goes oil so goes energy
energy will be the stocks to buy now.
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