GREY:RNKLF - Post by User
Comment by
FederalReserveon Oct 04, 2018 11:59am
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Post# 28745115
RE:RE:RE:WHY* ROYAL NICKEL* IS OVERVALUED...."THE FED"
RE:RE:RE:WHY* ROYAL NICKEL* IS OVERVALUED...."THE FED"Dear Prospector001.,............... This is my price.......I will give them the benefit of the doubt and throw in a bold gold resource estimate of 1mil oz......at $100 per oz of takeover value only because its lower cost producer and if they couldtinue to mine it themselves (in which with every tonne they are .inning them selves out of business since no other mines in production or nothing coming onstream anytime soon) and as I know this mine is still up for sale , so $100mil mine sale or breakup value assuming Royal nickel can convince everybody that there's 1mil oz!!!! With 400mil shares outstanding , believe it or not 25cents per share is fair. There other nickel asset will cost billions to get it to production so I'm not sure if I consider that an asset or day dreaming....sorry guys but 25cents seems fair, there could be upside potential and downside if they fall short of convincing or actually proving 1mil oz of recoverable gold