Royal Nickel Corp. RNKLF

RE:RE:RE:RE:RE:RE:RE:RE:MMX owns a full 7,5% Royalty on all Gold at Beta Hunt

[marben100]

I can tell you a company that is sitting on 2.7 million ounce proven gold resource and it would be the worse investment you ever made.

that is unless the price of gold goes to 2500 US per ounce.

Of course! You don't need to tell me it all depends on grade which, in turn drives OPEX. A big attraction of Beta Hunt is that the mine is already there. The only major CAPEX (other than ongoing development and explo) is that management have mentioned that they might want to put a gravity separator in to remove the coarse gold from the normal ore sent to the mill. Right now they're separating the nuggets by hand! [even a separator would only be a few million, I would guess].

I think we're both agreed that this needs a lot more explo - which will take time - before resources can be updated and some proper reserves booked. Makes no sense to enter into a sale process until that's been done. However, I imagine we also agree that the April update itself is now out out of date with discovery of the Fathers Day Vein. Look forward to an estimate of what's in that vein soon, to begin with.

Best,
Mark