After adding Rye Patch Gold (rpm.v) to our portfolio recently, we caught up with CEO Bill Howald today. He walked us through the reasons on why Nevada is a great place to be operating in and how the company got started seven years ago with himself as one of the founders. The fact that Nevada currently mines 79% of all the gold in the United States would make them the world’s fifth largest producing country by its own – impressive.
Of course, we had Bill explain the background and his views on the ongoing dispute over the LH Claims which are part of the existing operating Rochester Mine (Coeur d’Alene). Rye Patch is holding a significant number of claims and this land package is essential for the mine to continue operating as Coeur now are mining old tailings at the mine. This is actually the main reason for us to take a position in RPM as we see no other way for Coeur d’Alene than to make a bid for Rye Patch.
Download Rye Patch’s latest presentation (pdf).