Royal Nickel Corp. RNKLF

RE:RE:RE:RE:Geodude13 can you explain this

[factRbest]

geodude13 - (2/27/2018 9:25:32 AM)
RE:RE:RE:Geodude13 can you explain this

FactR'd,
So lets try this differently.  Your turn to answer questions...

Typically, how does a sub-$100MM junior miner build out a multi-billion $ resource for Dumont?
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Well let's be specific to Dumont.

First background (I am sure you already from your DD (still laughing)

Dumont was already established when the public company was formed.

The owners of Dumont that it would be best to have seasoned people on the board.
With the Sudbury buyout it gave to owners of Dumont access to alot of these people.

A bunch of them were offered positions in the company and the BOD.

NOTHING LEFT TO DO BUT FINANACE AND BUILD IT.
Of course it has to be economic with the price of metal dropping it got put on C&M.

THIS IS IMPORTANT THEY HAD APPROX 150 million shares FD.

FYI - At this point I started accumulating RNX shares
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To your question

Once economic (which it is still not). Look it up.

You offer the financier (hopefully a major) a majority percentage of the company and they bring it to production.

OR

You offer the financier a large part of the resource (minority share) with a repayment plan for build expenses. To be paid from earning from operation.

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INSTEAD

Those that were hired to bring Dumont to production. That was their mandate but chose a different path.

About 2 years ago they bought Beta Hunt
A profitable nickel mine.

They then converted it to a gold mine

So today
We cannot offer up 1/2 of Dumont to a financier as it was sold for 5 million bucks
TO PAY FOR BATA DEBT

We cannot offer shares
As the FD OS has been increase from 150 million to 500 million shares.
TO PAY FOR BETA DEBT

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Going forward.
Beta is still in the same situation and if not fixed then more of Dumont will be lost.

Will Dumont be developed
ABSOLUTELY

Will RNX be any part of it. Not if they keep going the way they are going.

NOW PUT ME ON IGNORE - REASON, YOU HAVE TROUBLE WITH REALITY