Richmont still doing everything right… Richmont Increases Mineral Reserves by 187% and Island Gold Mine Increases Mineral Reserves by 206%, With a 29% Increase in Reserve Grade
http://finance.yahoo.com/news/richmont-increases-mineral-reserves-187-113000349.html
Richmont is doing everything right. They basically have better ore in reserve now and have very conservative assumptions in the inputs to said reserve grades. If one is long, this is just more confirmation of the story.