Royal Nickel Corp. RNKLF

I'm almost tempted to buy more...

[marben100]

Lot's of excitement/news to come:

I'd expect to see an NR, once they have extracted that "bootleg" slab (thanks to the poster who explained the delay to mining whilst they carefully cut it out), and we get to see what's behind it. Then (unless there are more slabs of gold behind!) they can blast again and we see what they find. Also they can drill into the floor and see whether they find more high grade gold downdip.

...however, at this stage we'll just have to wait & see what they find, so I'll remain disciplined and just stick with my current holding.

I suspect that the reason for the SP decline today is just that some folks got overexcited and had expected that there might be km of high-grade gold (rather than the intermittent occurrence of high grade gold, reported today). That thought was always unrealistic. Nevertheless, even intermittent could mean millions of oz - but we just don't know yet and can't know until a lot more explo. has been done - which will take time (I suspect years to expore the mine reasonably fully, as there's so much sediment to explore).

If the gold is there (and it's a big "if"), it's the patient that will be rewarded, rather than those expecting instant results.

Should be plenty of newsflow along the way as explo and operations proceed.

I WILL be buying more if there appears to be significantly more gold (and I mean hundreds not 10s of thousands of oz) in the FDV strike, and the SP doesn't run away too much.

The pictures certainly look promising and I'd love to be in the mine when they cut that slab out!

Cheers,
Mark