WHY* ROYAL NICKEL* IS OVERVALUED...."THE FED"First and foremost with all respect to poster *kbro* let me explain further...... 1) I like this company & follow it !!!!!!!!!!!!! 2) I don't own any shares at the "moment" reason being.......... (A) $350 million market cap is a concern, since at $350mil dollars you set yourself up for high expectations. It doesn't mean it can't happen but if it doesn't your toast & if average or mediocre news does come out your still toast, no thanks!!!!!!! !!!!!!!!! (B) Royal nickel dossent have any huge proven significant reserves? At $350 million market cap in my opinion you should, to be honest at the moment we could be just mining out this "nice find "& then by next month when we finish to mine out this "nice find" then it's back to normal again till or if they get more "nice finds" !!! And to me getting in at a $350mil market cap I expect alot more in the pipelines than hanging in from a cliffhanger here!!! Just remember if after this vein is depleted and the operations goes back to its historical form, then it will drop below 9cent per share again because of the additional warrants being exercised here! We're now over 400mil shares outstanding!!!!!!! And just last month when this mine was operating normally, royal nickel wanted to sell it off because it was just a average mine at best..... (C) I do not doubt that more juicy veins are present but I'm paying a hefty premium for them to actually find it!!!!! (D). Don't get me wrong, it's nice to see this vein producing insane amounts of gold grades, but that news has been released and old news is simply priced in, stop reminding me about there grades yesterday, what will it be tommorow!!!! And don't get me wrong it's nice for this find to yield more then expected gold oz, but for them to upgrade the find by 9000oz here, and 3000oz there and maybe 6000oz again is nice but we now have 400mil shares outstanding and our market cap is $350million, at that cap we won't move up with 9000oz here and there, we are now expected to mine out millions of oz, when the stock was 10cents anything positive would really move the price but at these prices it doesn't have any effect, just look at today's news release. The news was good but much more was expected and the stock dropped.....there's proof!! !!!!!!!!! (E)now every shareholder is holding on for news releases, when will the next one be? What happens to the stock if we don't get on in 6days? What would happen to the stock if the next news release is similar to today's by that I mean another 1000-4000 additional oz??? Tell me ???? **************************** I like royal nicely, I like there discovery , this could be a huge find, it could move alot higher....but at these prices I believe it's gotten to ahead of itself and buying in at this market cap is very risky. That's why I'm on the sidelines it's too pricey to buy in at a "could be a huge find" and I think alot of investors are doing the same like me. Today's news release and stock action speaks alot!!!!! But then again I wish all of you good luck.