GREY:RNKLF - Post by User
Post by
factRbeston Feb 26, 2018 11:04am
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Post# 27620750
THE POWER OF BETA GOLD
THE POWER OF BETA GOLDBeginning in March the financing in part will be paid with nickel and a small gold coupon no details on that.
Exluding the coupon.
272 tonnes of nickel will be used to pay off 3.65 million dollars.
372 X 2200lbs = 818400 pound of nickel
$3,650,000 / 818400 = $4.60/ lb of nickel.
Today nickel is selling at $6.26/lb (Who knows what it will be in March, probably higher)
So that is a simple interest rate of 36 percent. If it was annualized as RNX like to do it is probably around 50%
VISA and MASTERCARD charges 19.9%
That is what happens when you mine gold at a continual loss.
OR
One might say it is only true if it is BASHER posted on Stockhouse. No post, no reality.
Now I have to go take my unicorn out for its morning walk.
Duma$$e$
That is not bashing that is called concern.