Royal Nickel Corp. RNKLF

Rnc

[arh0070]

Its pretty obvious that royal nickel was forced into prematurely releasing results because of leakage of information .They currently have analyses between 10-15% of the planned 40,000 Metres and have between 25 and 30% drilled .Conditions underground at the mine must be pretty miserable at this time of year due to heat and I am sure this slows progress down .Despite all the manic pronouncements of those caught up in bubble mentality it pretty obvious to anyone who has invested in this sector over the years that a lot more drilling will be required to prove up reserves and determine where to mine ,two holes with high gold values do not make a mine .
There are a couple of really good notes on ceo made by someone with the moniker Pierre .He is probably the same person that used to post on stockhouse but got tired of the rubbish and personal attacks ,I think he is a quebec based geologist and makes very good notes amongst all the dross .
He drew attention to a very fine article back last september in the “assay group mining magazine”talking about the area of Australia where the beta hunt mine is located .In general the article was very favorable for rnc ,the beta hunt mine is on a sublease from goldfields acquired in 2013 for 10 million Australian .It would be interesting to know what the duration of the sublease is ,it is not contained anywhere that I have discovered .goldfields with a property very close by the beta hunt mine is spending quite a lot of only attempting to expand their open pit mine close to the beta hunt .
It is also interesting to note that none of the companies surrounding beta hunt have seen an increase in thier stock price including Lefroy exploration and Mincor .
It is not clear that the royalty bought on the Dumont nickel prospect by Battery minerals was in fact sold by RNC ,perhaps someone could clarify that ,the news release was made by battery minerals and not rnc .
So we will have to wait for a few months for the situation to clarify itself and see if royal nickel will have a long term profitable mine or not .ARH