Royal Nickel Corp. RNKLF

Market cap and thoughts

[10moving100]

Current market cap of ~$350M based on a 3 week find of $50M

Valadation is king, and they don't have all the answers yet, but they have the sediment structure for for over 500m in this zone (there are other zones that might be similar)

So if they found $50M in 10m, they could have 50 times that once the chase the vein...

I'm using round numbers here to get us thinking, but at a potential of $250M for the current strike, one must remember that this thing is open ended....

I wouldn't be suprised to see this hover around the $1B cap in a couple of days, meaing I expect a close above $2 tomorrow with a staedy climb to $3 with similar news sometime next week.

Underlying statement here is that this (the market cap and stock price) are all based on POTENTIAL, as time will tell us all the this find will be finite.

They will not drill this thing off and define a resource as they do not need to justify development capex to anyone. Its a 45 yr old mine, with workings in place to go mine another 10K oz's per week, as long as they chase the sediments.

This is not an open pit play, now or ever. They are chasing a vein that is at best a couple feet wide, and due to its super high grade, best chased in an underground mining scenario like they aree doing.

Do your own due dillagence, and GLTA.