Royal Nickel Corp. RNKLF

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Royal Nickel Corp. > Nov 28 nr

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Comment by DaMan15on Dec 06, 2018 12:39pm

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Post# 29076630

RE:RE:RE:RE:RE:RE:Nov 28 nr

Right from the beginning Selby has est. 5-10 g per ton. I always assumed he was refering to a targeted mining program but I now think its he was refering to bulk production. Factoring in the high quality finds I really don't think 10+g per ton is out of the question. That could be a whole lot of flipping gold.

Stunner wrote: From the horses mouth.
World Gold Council .....defines a high quality underground mine as having a gold ore of between
8-10 grams per ton.
A low quality underground mine has a density of 1-4 grams per ton.

Open pit mines tend to have a lower grade , but can be quite valuable due to lower operating costs.

the Council also recommends using cost per ounce , not gold grading , to evaluate a gold mine.

So this is what we need to see. As far as I have seen our costs have been way down since FDV discovery.

And early core results ( my opinion) would need to be between 7-9 grams per ton to move the stock price in the direction we are all looking for.

Cheers.