GREY:RNKLF - Post by User
Post by
factRbeston Feb 14, 2018 9:22am
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Post# 27556546
When we were transformed -NOT FOR THE IGNORANT INVESTOR
When we were transformed -NOT FOR THE IGNORANT INVESTORThis is what Shelby told us and the company to sell us on the conversion therapy
Highlights of the SLM Transaction:
Cash Flow Positive: Beta Hunt Mine was cash flow positive during 2 nd half 2015 on an operating basis despite low nickel prices
CASH FLOW POISITIVE UNTIL THEY TOOK OVER AND RUINED IT
Consolidation of nickel and gold rights: SLM has consolidated nickel and gold rights at Beta Hunt, creating significant value as gold production ramps up, leveraging existing mining infrastructure
CREATED SIGNIFICANT DEBT INSTEAD
Low-Cost: On a by-product basis, 2016 C1 cash costs are expected to be negative: between $0 and negative US$1/lb of nickel. On a co-product basis, 2016 all in sustaining costs are expected to be between US$3.75 - $4.25/lb of nickel and US$800 – $900/oz of gold
COMPLETELY UNDERESTIMATED TH COST OF MINING GOLD
Upside Potential: Additions to existing nickel and gold resource at Beta Hunt is possible from
exploration drilling along strike and parallel nickel and gold lode targets to known mineralization
THEY NEVER DID EXPLOR DRILLING SO THAT NEVER HAPPENED
Synergy potential: Testwork on Beta Hunt sulphide nickel mineralization expected to further validate roasted concentrate concept developed for RNC's Dumont project to lower production costs and increase payabilities
They stopped mining nickel so that never happened