In an earlier analysis ("Rubicon Minerals: An Interesting Bullish Case But Major Risks Remain") we offered our take on Rubicon Minerals (RBY). In that article we noted that the company has a number of positives going for it that make it an interesting potential investment for investors seeking either an acquisition target or a near-future developer (2015 estimated production if financing can be arranged). But we remained lukewarm on the company because we felt that the lack of geological reserves, coupled with the low insider ownership, made us uneasy to increase our small investment in the company and we remained on the sidelines.
Well the stock price didn't agree with us as the company's shares have appreciated at...
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