Royal Nickel Corp. RNKLF

Entirely different

[Currower]

As a long time KL shareholder I always believed that Sprott pushed the investment in Novo as a favour to Hennigh for helping develop the Fosterville mining and exploration plan. It had a minimal impact on KL's balance sheet so it  was a minor irritation to me. Beta Hunt is worth ten tines Novo's share price today. That is not an exaggeration. Novo does not have a quantifiable resource estimate and has spent hundred's of millions on a fool's errand. Beta Hunt is self funding and has free cash flow to finance exploration drilling and has interest in Dumont Orford and Reed. It is the most bizarre arbitrage I have seen in my life. One has a boatload of cash and is a producing gold mine with boulder nuggets and clearly defined targets the other has a few pea size nuggets and wandering the desert looking for more whileb spending copious amounts of shareholder's money and has a much higher sp. No comparison JMHO