Royal Nickel Corp. RNKLF

RE:RE:Sprott is selling

[factRbest]

pp19888 - (1/28/2018 11:10:58 AM)
RE:Sprott is selling

They turned betahunt project to mine gold instead nickle when gold was doing good, and nickle went to 4 dollar. Now, if nickle goes to 8, they may make some changes to increase more nickle production. Anything is possible, so far gold mining wasn’t became profitable as management hoped for but switching nickle makes more sense if price continues to go up.
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More accurately
They were making money at 4 dollar nickel at Beta Hunt.

They switched to gold thinking (see presentations) that he asic would be 900 and they could mine 50000 ounces a year due to their belief the GRADE was 3.5g/ton.

When the grade was not there they tried to make up the difference by mining more ore. Most costs are fixed so to mine more reduces cost marginally.

Most importantly
THEY SHOULD HAVE FOLLOWED THE PEA RECOMMENDATIONS.

That is why PEAs are done then followed by a Feas Study.
Instead they went all TODD HOFFMAN at Beta Hunt.

All RNX is missing is for the BOD to gather in a circle, bow their heads and tap hardhats.