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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Comment by Geodan2on Oct 31, 2018 10:58pm
481 Views
Post# 28905814

RE:Richest Gold Vein Ever

RE:Richest Gold Vein EverIn terms of a bonanaza ore strike it is the richest.  The Comstock produced more but that toook decades.  In terms of first bonanza it exceeds the Comstock. 

As the geologist says in most underground gold mines you are thrilled to see pinhead sized gold in the mine face, at Beta Hunt there are coconut sized hunks of solid gold. 

How does this bonanza ore find compare to the Comstock Lode?

This is one of the bullet points in the header.  Which is richer, the Comstock or RNKLF's Beta Hunt?

The answer is surprising. John Mackay became the richest man in the world, based of of just a short section of the Comstock (Virginia Consolidated). The Hearst fortune was based off just another section of Comstock (remember movie Citizen Kane, Rosebud) In fact the Hearst fortune started off of just 1/6th of that same mine, the Ophir, which in today's dollars produced $83,000 a ton ore, the Ophir Bonanza.

"In the summer of 1859, Hearst learned of the wonderful silver assays of the "blue stuff" someone had picked up over what was to become the Comstock Lode, and sent to a Nevada County assayer. Hearst hurried over to the Washoe district of western Utah territory, where he arranged to buy a one-sixth interest in the Ophir Mine there, near present-day Virginia City. That winter, Hearst and his partners managed to mine 38 tons of high-grade silver ore, packed it across the Sierra on muleback, had it smelted in San Francisco, and made a $91,000 profit (or roughly $2,500,000 in 2016 dollars). It was the sight of the bars of Ophir silver that started the rush to Washoe."

"His son insisted on taking control of one of his father's holdings, the San Francisco Examiner, which became the foundation of the Hearst publishing empire."

Ok this gets better, Hearst become one of the richest people in the USA from owning 1/6th of just one of over 20 small mines on the Comstock (675 feet long), and the first strike took 6 months to get 38 tons. The Beta Hunt in one blast and 3 days of picking up the gold got over 3 times more ore (130 tons) and it was richer ore. AND RNC owns 100% of kilometers of structure, The Ophir was 675 feet, not much longer than a two football fields!, so Hearst in effect had only 115 feet of it.   Today a gram goes for $39.18 USD that is $196,000 USD a ton of ore on the Beta Hunt Bonanza as the average for the Father's Day Bonanza is 5,000 grams a ton so far. Beta has produced more tons than the Ophir, 168 tons vs Ophir's 38 tons. 

Bottom Line: The Beta Hunt Bonanza Is 4 times bigger (more tons) and has twice as rich ore as Comstock's Ophir Bonanza which created fortunes and started the big Comstock Rush. Beta Hunt's first Bonanza is 4 X 2 = 8 times better than the Comstock Lode's first bonanza and Beta's took a fraction of the time and cost to produce as the one at Comstock. 

https://seekingalpha.com/instablog/535947-darp-research/5223505-rnc-minerals-geologic-investment-case-post-beta-hunt-bonanza-get-20-plus-baggers 

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