Take physic, pomp

Rye Patch Gold (RPM.v) buries the lede…

…but IKN comes to your rescue. Here’s the thing that really matters in its NR today, the one with the cool “Rye Patch Reports Gold Production” headline and the 3,094oz gold poured. It comes right at the bottom of the NR.

“Progressing toward commercial production in Q3”
A quick Ottotrans for you: “We were operating at a loss in May. We are operating at a loss in June. We will be operating at a loss in July, possibly August and September, too.” That $5m from the sale of the Rochester royalty won’t last long, these guys will run that placement soon.

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