Royal Nickel Corp. RNKLF

RE:Fathers day vein

[DaMan15]

Yep ... you nailed it on the head.

rob1237 wrote:  The price is not moving or even drifting lower as gold is up $34.0 an ounce and we has a 90 k slab with a 1000 ounces of gold new release. So the question is why are we drifting lower? We hit .68 now sttruggling at .70 down 5 %

  The market is discounting the fathers day vein. We know whats there
.the market is looking for continuity of the deposit.  They need to discover another pocket of gold even lower grade is ok as long as this mine can produce gold consistently,  all deposite need a mineable resource amount. It will be a struggle to get this and will take aleast a year to determine if this mine actually can produce consistant ounces. Hitting bonaza pockets is simplly not investable idea...great for the company and quick cash...but not good for share holders. The market looks out 6 months in advance...

 we need to clean up the fathers day vein and move onto new source of gold. Thats what the market is anticipating.  Having a new release that they recovered 40 mil in gold is great but then the market will ask..ok show us a mineable resource.