Rainy River Resources

NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)

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Message: Re: NEWS COMING OUT
2
Dec 17, 2008 03:35AM
1
Dec 17, 2008 06:01AM

I spoke with Brad Monday and they expected some news out as early as late this week or next week. The best he could tell me about the new resource calculation is a time frame of end of January to end of February for sure.(more drilling was required to complete it) He believes that early nexr year they will be busy with news. My personal opinion is that RR is going to be sold shortly after the new calculation is out. The rumours that I have heard is that Agnico Eagle has been snooping around. I asked Brad if that was true and obviously he couln't comment , but I did get the impression that we have more than one company looking at RR. With Cannacord holding alot of shares at $4 plus I WOULD FULLY EXPECT RR IS SOLD AT A MUCH HIGHER PRICE. I believe if my math is correct that we would recieve well over $5 if RR gets only $100 per proven ounce. I have seen this game before with Gold Eagle unfortunatly 1 year ago I was only willing to buy 1000 shares at $7 and we all know that G took them out for $13.60. This time I will have bought at the low price of $1.06 and I will wait for this short term prize.

2
Dec 17, 2008 02:24PM
1
Dec 17, 2008 04:07PM
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