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: 5.34

Re: 5.34

in response to by
posted on Jan 28, 2010 04:29PM

Good volume but there were some huge crosses today. ITG crossed 400,000 @ $5.20 and Paradigm crossed 123,000 $5.19. All good sign of things to come. So now about 6 million shares have traded in the $5 +/- range for about 10% of the outstanding shares. Pretty good base to build from as we approach the 43-101 in March. A lot of folks expect RR to be heading to $10 this year. I sure hope so and don't see any reason it won't go beyond that as interest builds and we keep finding high grade gold and expand the lower grade resources. Very exciting time here expecially when you look at the rest of the market. Companies with good earnings are getting hammered! Doesn't make any sense.

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