GREY:RNKLF - Post by User
Comment by
factRbeston Sep 18, 2018 1:54pm
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Post# 28640600
RE:RE:I only see selling no buying
RE:RE:I only see selling no buyingYou can go back in the posts
2016 they bought the place
I posted good property (mining nickel them)
Said they were going to drill
I posted to be patient let them drill
They then chose to blind mine
I posted let's see what the recover
The results came back worse than terrible
I expressed my concern
They started printing paper like crazy and selling insitu assets
I posted they need to drill
They continued losing money and continued blind mining
I posted they would lose Dumont
Few months later 50% of Dumont was gone.
I know this company and property very well. I figure most didn't even hear of RNXor Beta hunt until 2 weeks ago and all they really know is a picture of a boulder.
They spend approx 100 million to get to last Sunday. Does anyone think the will break even before the grades drop off.
What I am saying is industry standard.
You drill, find a resource, prove the resouce and then mine it.
Why so many here support blind mining I will never understand.