GREY:RNKLF - Post by User
Comment by
Methodon Oct 02, 2016 9:44pm
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Post# 25300620
RE:RE:RE:Dumont, no profit before 3 years
RE:RE:RE:Dumont, no profit before 3 yearsGold, nickel and copper. The Australian asset is nickel and gold and the Canadian asset is copper and gold.
Dumont is a drag because its not in production. They have to spend money to keep it moving forward.
From the financing press release:
"The net proceeds of the Private Placement will be used for continued ramp up and development of RNC's Beta Hunt Mine, as well as for working capital and general corporate purposes."