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Royal Nickel Corp. RNKLF

Metals & Mining Industrial Metals & Minerals


GREY:RNKLF - Post by User

Royal Nickel Corp. > I don't want disturb the pumping crew with the facts, but ..
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Comment by ProfBaIthazaron May 18, 2019 4:07pm
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Post# 29758646

RE:I don't want disturb the pumping crew with the facts, but ..

RE:I don't want disturb the pumping crew with the facts, but ..
The Beta Hunt Mine was acquired by SLM in 2013 for A$10M after securing gold mining rights from Gold Fields Limited for the specified period of time. The mining tenements on which the Beta Hunt Mine is located are held by Gold Fields Limited. SLM operates the Beta Hunt Mine by virtue of a sub-lease agreement with Gold Fields Limited. $RNX has 100% interest in Salt Lake Mining Pty Ltd.
 
2025 is the end of the lease - 6 years and RNX will kiss Beta Hunt goodbye!
 
https://i.postimg.cc/fLdgMnsZ/kiss-BHgoodbuye.jpg



ProfBaIthazar wrote: ... the mining tenement is held by God Fields Limited ...

The smart investors know the lease can be rearranged under less favorable terms of Gold Fields Limited will not extend the lease at all! Suppoasedly Gold Fields knows hot to mine gold. As you can see they like deeeep gold mines ...





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