Royal Nickel Corp. RNKLF

RE:Anyone seen this? "New Gold"

[DeliciousOil]

As this is not on the site I'd say it is not new gold, could be new, could be old – doesn't matter.  Not a bad thing either way as they have hit gold multiple times within different shears over the past couple years not just the FDV.  Now Mr Small continuing to post online daily developments on LinkedIn is a bad thing though ... it is ambiguous and misleading, his once sentence commentary is not helpful .. just makes the company look very unprofessional.

But having said that...
The company now has enough money to do what they couldn't before ... drill.  Drill with a diamond drill to define the resource and figure their best targets for actually mining.  They have 4 drills commissioned and they have 4 shear zones(one is clearly where that rock pic came from) they are going to drill, for approximately 10,000m to 15,000m in total.

The holes are relative short 100m to 200m, going through sediment into the shears, starting from inside the existing mine shafts.

And they drills can probaly do 50-100m a day depending upon circumstances of the rocks. 
Assays will likely be done, but a visible gold occurrence and/or a density weight test of a core could shorten the time it takes for them to take the next step of actual mining/blast we all so covet.

On insider trading - keep in mind it is not illegal to possess inside information. It is not illegal to exchange or tell someone inside information. But it IS illegal to trade using that inside information as the catalyst for the trade.  Mr Small has being walking a thin line with these types of releases.  And the receivers of that info if they trade based on a Small post on LinkedIn or twitter, and should a post turn out to be material piece of news not disclosed by the company through a news release– well there could be repercussions. You can see who is in dialoge with him – regulators could have easy pickings if they ever wanted to chase this down.  If if if.. just saying…