GREY:RNKLF - Post by User
Post by
kayakhighon Oct 09, 2018 10:52pm
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Post# 28770532
Seeking Alpha says "Significant Upside" in an OVERLY CONSERV
Seeking Alpha says "Significant Upside" in an OVERLY CONSERVSeeking Alpha says "Significant Upside" in an OVERLY CONSERVATIVE opinion. Note the article states "For analysis purposes, we've rounded this down to 1 ounce of gold per ton blasted" at Beta Hunt Mine. One ounce? Really? The opinion is WAY TOO CONSERVATIVE FOR 2 REASONS: (stated in the article) - "Beta Hunt currently yields over 161 ounces/tonne " - "Other gold mines in the area range 20-30 ounces per ton" Based on this I reach my own conclusions: 1. A share price of $25+ is probably fair. This is a gold mine at a nickel mine share price. 2. JUST ONE MORE company press release indicating continued high yields of high quality gold could make this company Bre-X #2, but with a real gold mine producing real gold. 3. Taking some kind of position on Royal Nickel will not be a waste of money. https://seekingalpha.com/article/4210751-rnc-minerals-beta-hunt-valuation-implies-significant-upside Peace from BC