Royal Nickel Corp. RNKLF

RE:For all you Newbie COBALT hypsters

[goldinontario]

Factbest what are you trying to pull?  Your numbers are wrong or at very best misleading.  Here is the truth about RNX and Cobalt:
Initial production of 33 ktpa (73 million pounds) of nickel and 1.0 ktpa of cobalt (2.3 million pounds) contained in concentrate annually
Expanded in year five to an annual average of 51 ktpa (113 million pounds) of nickel and 2.0 ktpa of cobalt (4.3 million pounds)

So at US$35/lb the first four years will provide 4x2.3milxUS$35/lb=US$322 mil of revenue
After year five they will double this so let's say in years 5-10 they will provide=6x4.3milxUS$35mil=US903 mil.
So in the first 10 years they will produce almost a billion US$ of cobalt...that is huge.

Now let's look at your capital cost...it is not 2.3 billion it is Cdn $1.2 billion or less than US$1 bil.

So what are you trying to do on this board????