GREY:RNKLF - Post by User
Comment by
lunchbox36on Sep 26, 2018 9:25pm
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Post# 28697813
RE:*Enough with the bullshit and all the haters*
RE:*Enough with the bullshit and all the haters*Agree with you...i rarely look at this board on SH, it's pretty rare that there is anything useful. Having said that, i am long on RNX, and here is why.
This is not a standard pump and dump in my mind. We pulled out 24000 oz of gold in one blast with visible gold in the walls still. The gold was removed and sent to the mint in one day(essentially). No pounding through 1000 tons of dirt, just throw the rocks into the truck and off they go. Pretty sure if this was a repeat of BreX the Perth mint would have chimed in by now.
Another bonus is the mine is already built, we are not drilling to find a gram here and there, we are boots on the ground at level looking at visible gold.
We have Eric Sprott buying in the open market(sedi), follow the money and the gold at this point. There has been 8.4M dollars worth of warrants exercised, couple that with the $38M worth of gold we sent to the mint we are debt free and have cash on hand to continue work(CEO NR).
I/O shares on this including reserved is 477M. Ok thats high sure, but we should be able to avoid any PP's with our sweet gold money, and lets do some basic math. How much gold could be in the mine, that we dont know for sure. But if their second blast pulls half of the first, we will be looking at 36000oz mined in less than a month. THis company could easily reach a billion dollar MC on those numbers and speculation, and that equates to over 2 bucks a share. Plus you would have to be daft to think that the big players arent running numbers on a buyout for this play. This is being touted as possibly one of the biggest gold discoveries of a lifetime.
Thats all i got for now, but please if you doubt anything i say do some DD and you will see it's not out to lunch. GLTA!!