StockGuru Welcomes Royal Standard Minerals, Inc. (OTCBB: RYSMF)
Royal Standard Minerals Inc. (OTCBB: RYSMF)
Investment Highlights
* RYSMF has active mining projects in Nevada which is the leading gold producing state in the U.S., accounting for approximately 83% of all domestic gold production and 9% of global gold production.
* As of July 31, 2009, the Company’s non-GAAP mineral properties’ book value was $19.4 million or $0.23 per share.
* On October 13, 2009, RYSMF announced that it will be installing larger ball mills and an additional concentrator as well as making other technical changes to improve the productivity and efficiency of its Goldwedge Project. These new upgrades should increase output to approximately 500 tons per day.
* On October 6, 2009, the Company announced that it had exercised its option to purchase unpatented and patented mining claim groups in Churchill and Nye counties, Nevada for $600,000. These claim groups will position the Company for future growth in their gold-silver program.
Overview
Royal Standard Minerals Inc. (RYSMF) is an advanced-stage mining company engaged in locating, acquiring, exploring and developing gold and precious metal deposits in the state of Nevada, and coal in the state of Kentucky. The Company owns a 100% interest in six projects in three goldsilver districts in Nevada. These projects include the Goldwedge project in Nye County; the Piñon and Dark Star projects in Elko County; the Fondaway Canyon and Dixie-Comstock projects in Churchill, and the Campton project in Wolfe County, Kentucky. The Company has two wholly owned subsidiaries, Kentucky Standard Energy Company Inc. and Manhattan Mining Co.
Value Proposition
* With over 300,000 ounces of gold and the potential of an additional 800,000 ounces, the assets of RYSMF far exceed the current value of the stock.
* The Company has capitalized on the availability of high quality gold/ silver deposits and controls interests on properties consisting of over 17,000 acres located on the Carlin gold trend, an area which has produced over 50 million ounces of gold since the 1960s, and is estimated to hold an additional 100 million ounces of gold.
* The Company’s Nevada projects are located near properties owned by major gold companies such as GoldCorp, Kenross, Newmont, Barrick and Placer Dome.
* Gold prices continue to increase as the dollar weakens and many analysts believe that gold will continue to grow for the remainder of 2009 and into 2010.
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Disclosure RYSMF: Pentony Enterprises LLC is STOCKGURU.COM, BOLDSTOCKS.COM, SHAREHOLDERVISION.COM and STREETRESEARCH.COM. 10604 Robincreek Lane; Frisco, Texas 75035. (469) 252-3030. Disclosure: Pentony Enterprises LLC was compensated $12,000 for coverage by a non-controlling third party. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
