Dumont project Dumont project, which is a Nickel-Cobalt open pit still need 300-400 millions to go forward...If Beta Hunt produce half of that 200 million till april it will be easier for Royal Nickel to start Dumont Project.
Because of the Net cash position + drilling result at Beta Hunt could increase Share Price value...The short could be other Nickel attempting to reduce finnancing capacity of Royal Nickel via warrant... because if SP go higher, financing will be easier and with less dilution warrant could be a solution...If we hit 10$ by april to get 200 000 000 it will only ads 20 000 000 share... 20 000 000/ 400 000 000 just 5% dilution... But same scenario at 1$/share is 50% dilution and that is not possible...
Maybe someone don’t want Dumont Project to resume and go forward...
But if Royal Nickel succeeded and Dumont enter production...
This could be a possible scenario,
Strong net cash position,
Drill result at Beta Hunt will increase value helping
financing for Dumont,
30 years mine,
Electric car upside in the 2020 decade,
Nickel price going higher,
Electric vehicles and battery could be the next bubble...
Car maker commited to produce more and more electric vehicles(EV)
GLTA
The article talk about lithium but Nickel is needed also for battery...
https://www.networknewswire.com/fr/trumps-recent-executive-order-boost-lithium-supply-u-s/