Earnings Call Excerpt
Rye Patch Gold Corp. (RPM)
Wall Street Analyst Forum
September 9, 2008 10:30 am ET
Executives
Helen Baud - Wall Street Analyst Forum
Bill Howald - President and CEO
Presentation
Helen Baud
Good morning, everybody. My name is Helen Baud from the Wall Street Analyst Forum, and I am your host in this room today. (Host Instructions).
The company presenting now is Rye Patch Gold Corporation. Rye Patch Gold Corporation is a Nevada-focused and discovery-driven Canadian exploration and development company focusing on gold in Nevada, USA. The company is building a sizeable inventory of gold assets through exploration and acquisitions. Rye Patch’s seasoned management team is engaged in acquisition, explorations and development of quality resource-based gold deposits. Rye Patch Gold currently trades on the Toronto Venture Exchange under the symbol RPM.
Here is Bill Howald, the company’s President to give you an overview of Rye Patch.
Bill Howald
Thank you, Helen. Good morning and its real pleasure to be here today and presenting to the Wall Street Analyst Forum.
As Helen mentioned, Rye Patch Gold is the name of the company and we are building a sizeable gold, silver resource in Nevada. This is just the Safe Harbor statement and also a statement that I am also the company’s qualified person under National Instrument 43-101, which is a Canadian regulatory.
Just little bit about gold, probably not you probably know more about gold than I do as far as the markets are concerned but obviously we have seen a lot of volatility in the markets over the last years since the credit crunch, and gold seeing that volatility as well as the inflation creeping into the market have kept gold at its current prices of around $800.
Again, we supply and demand the BRIC countries; Brazil, Russia, India and China. I do not see demand there decreasing. Obviously, Russia and China are certainly coming on to the market and gold demand and supply is shrinking with South Africa declining, so those supply/demand curves are going to stay [unequally] for a while no doubt.
Why should you work in the junior market? Here is just a comparison graph from last the five years from September of ?03 to August of ?08. We can see, if you were playing gold, actual physical gold, you got a bump of about 120%. If you reclaim the gold, sure would help your index, you got 100%. If you had stock in Barrick, you made a 125%, about the same as gold price. If you did new marts, you did not do quite as well, was only 30% and you can see new marts maybe just slightly beat the SMT because the SMT had about 28% increase over that same period.
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