GREY:RNKLF - Post by User
Comment by
FederalReserveon Sep 25, 2018 7:14pm
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Post# 28688720
RE:RE:LETS DO SOME MATH!!!!
RE:RE:LETS DO SOME MATH!!!!I agree that Royal nickel does have "other Assets" but before this gold Boulder discovery no one cares for these other assets, thus 9cent share price before they found the gold boulders! The problem with there "other assets" is it's going to cost billions to bring them into production, good luck raising that kind of money so to me it's just a paper asset! Make no mistake, if your buying ROYAL NICKEL at these inflated prices, your buying for the gold hype and not for the "other assets" it's all good here!!! If I were to take a gamble here I would set my standard at 1mil oz at the property already found, anything more is to be determined and if more found than its my gain .....1mil oz will not attract Barrick, Kinross, Goldcorp,Newmont, etc. We're on your own here no white knight. So there are risks. I think 2mil oz might not be enough to attract "heat " in this play!!! Royal nickel needs $1bil to fun other projects in there pipelines. A nice discovery and a 50/50 j.v with a large partner will put money on the table and fuel there other projects but for now I would pay for 1mil oz or $100mil dollar market cap, there other assets I wouldn't pay for because of the ridiculous capital read to bring them into production! All in all with 500million shares fully diluted i wouldn't pay more than 20cents here, sorry! It's still a gamble and at $0.74 / share you already agree there's a major 3.5mil oz discovery!!! There's still alot of work and time to prove that major resource. I like to get paid to wait, not willing to pay a hefty premium upfront to prove my premium was smart while I wait