Royal Nickel Corp. RNKLF

RE:RE:Upside is enormous = Biggest gold discovery

[louel]

Yes less shares outstanding would be prefferable.    But suggesting it can't hold or won't climb due to a high share count is not exactly true.    You have to look at market cap Vs potential value.
 TORONTO, Sept. 20, 2018

"Updated estimate of over 24,000 ounces is more than double initial estimate of 9,250 ounces. estimated $38M "  

Consider the 9000 oz Au. X $1200 US per oz  they have from the first blast.  Then figure a mere 8% net after all mining and production costs. (Which would be extremely low)   Divide the result  by 500,000 shares stated.   It still leaves a potential per share value of  $1.78.     

  Then look at the Above repore from a few days ago.  Estimates in the fathers day vein of 24 thousand oz.      and it doesn't take into acct. their Nickel value from other holdings in Canada.

  I believe there is potential for significant upside yet.   Nothing goes straight up.   It took PVG 1 1/2 years to reach it's peak after discovery.