GREY:RNKLF - Post by User
Comment by
9rookieon Sep 23, 2018 1:25pm
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Post# 28673285
RE:Share structure
RE:Share structure alphabetting wrote: First off they have 477m Fully diluted. ( refer to investor presentation)
477,000,000 x .56 = $267M market cap
Novo
160,520, 000 x $4.08 = $655M market cap
Garabaldi
107,360,000 x $2.86 = $307M market cap
Now when you consider the 28% in Dumont, as well as the 35% stake in Oxford mining you see this isn’t just a one trick pony. Dumont is the second largest undeveloped silver mine in the world and eighth largest cobalt mine. PLUS both are fully permitted and shovel ready!!!
Any big dog with half a brain knows they can buy these guys out with the safety net of a world class silver-cobalt mine and the potential of a a major GOLD mine at Beta HUNT. Just crunch the numbers folks it isn’t rocket science. Do you know how much risk they’ve taken off the table having Dumont?!? NVO and GGI 5-10 years away by the time all of the permitting and feasibility are done.
Dumont could be operational in only a couple years as the could starts construction immediately while continuing to shore up the giod asset at Beta Hunt. Then once Dumont is up they use the funds to get BETA up and running.
This is the opportunity of a lifetime for a big company to get TWO WORLDCLASS ASSETS that’s very low risk. These opportunities don’t exist in this space. It’s embrrassing this is still at .56 Just shows you how corrupt big investment guys really are to be able to manipulate this.
I guarantee they could find $1B of gold without even trying which would mean someone could buyout RNX for at least that and get DUMONT for virtually free. NO BRAINER!!
Dumont is nickel cobalt .