RE:dodiligenceSo, RNC has a working nickel mine, a market cap of about $80 million US$, permits to mine gold in tunnels that are already dug in their working mine. They find bonanza gold in the form of boulders & rocks of gold with visible quartz (i.e. not quartz with visible gold), and Novo holders turn up their nose?
In terms of relative value, time to get gold to market, time to get permissions to build a mine, time to get a mine installed and working, I'd say RNC has at least the same value as Novo. Sprott bought about a 6% stake in 2016. So I guess he sees some value.
Best of luck to us all.