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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Post by pierregon May 24, 2019 6:34pm
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Post# 29772468

Non-dilutive financing to complete Higginsville and more

Non-dilutive financing to complete Higginsville and moreCRUX Investor on Twitter May 24th 2019: Non-dilutive financing to complete Higginsville. Dumont funded to Production. In-depth Mark Selby interview here https://www.youtube.com/watch?v=6TX6dFA5vb4: Video link: https://twitter.com/CruxInvestor/status/1132001573557739521 My transcript: Matthew Gordon: Next section I what to talk about or rather your followers, the audience following the RNC story, is finance. People want comfort around dilution. Of course, they do. It's the overall overarching theme here. I think you mentioned to me Dumont is fully funded through to FS, at this point you're looking at JV with Strategic, JV partners who would finance it moving forward. It's a big project which we can talk about a little bit, if you don't mind at the end. Mark Selby: Sure. Matthew Gordon: But with regards to Beta Hunt. Is there anymore financing? Mark Selby: No. In terms of getting the Higginsville mill deal. We're looking at some other options which are completely non-dilutive. Matthew Gordon: Non-dilutive? Mark Selby: Yeah, and that'll provide us the capital to get the Higginsville deal done and to basically get us on our way going forward. Matthew Gordon: Okay. So good and, same for drill programs, not just Higginsville, but Beta Hunt in terms of drilling, in terms of CapEx, OpEx? Mark Selby: Yeah. We'll be we'll be fine. I mean where it will come down to, as we look at the mine plan, we'll just need to make a decision. The nice thing with Beta Hunt, because the main infrastructure's in place, really comes down to sort of how much incremental capital development we want to do upfront. Do we want to get to 60,000 ounces, do we want to get to 80,000 ounces, do we want to get to 100,000 ounces and again, I can't tell you what's it going to look like. Matthew Gordon: You're going to sit down at that time with a spreadsheet, as we all do, and say what makes sense now? Do we spend a lot of money to get there quicker? Or do we take our time and have a longer life mine. Mark Selby: Exactly. Matthew Gordon: Another kind of comment which came back. A comment you made last time; I think I understand it. But there's some people who perhaps may have misunderstood, or are unsure of what you meant and that, was with regards to an exit. Okay. You said, 'you know if we sell a September, that's fine as long as it's the right deal, but if we have to build this thing out that's fine too.' Okay. What did you mean? Mark Selby: I am laser focused on where the share price is ultimately going to get to and, in a mining company you always have to make a decision between realizing value now, or realizing value in the future.
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