Royal Nickel Corp. RNKLF

Beta Hunt FDV: a "one off" is off the table

[pierreg]

Beta Hunt FDV: a "one off" is off the table, a good post by @Huntore on CEO.ca March 2nd 2019:
«I am not sure that the large gold find was found just blasting into the mine without due diligence……. The following thoughts and information comes from a darp research blog……Kevin Small speaking about Beta Hunt:…….October 15th 2018…..Small shrugs off the open pit mines as “big sandboxes,” whereas underground mining puts the workers in contact with the earth and rock they are blasting…….“You’re intimately involved with the ground,” he said about underground mines. “I would stand up in front of the crew for about a year, and say, ‘We are building the largest underground mine in Western Australia. We just don’t know it yet.’”……..In reality, RNC for most of 2018 was desperately trying to sell Beta Hunt, even though Small — an engineer by training — thought he had pieced together a geological theory to explain why a motherlode of gold lurked inside the mine. They came up with a model that on footwall side of intersection of pyritic sediment layer (undulating with dip) with near vertical Shear Zones that are 10-40 meters thick that there should be coarse gold. They sent in blaster Henry Dole to test it………The find was at an approximate depth of 500 metres below surface in an area of 3metres X 3metres X 7metres. The Father's Day Bonanza Is About Center Of Mine……. Follow up on the thoughts that this is just a one off find…….. So there are many positives, what are the dangers and negatives? There is one main one, bad luck. That where they have tested the new geologic model were the only places that the coarse gold exists on the property. What are the odds of that? Let's look at it from the perspective of the Father Day Bonanza only. Above figured that at 7 meters long at the say 8-10 kilometers of the target structure is there. Let expand that to 10 meters. What are the chances they hit the only good 10 meters out of 8,000 meters? That is pretty easy, 1 in 800. Did they pick a special spot more likely than the other 799 ten meters sections? No, asked them. They found 177 oz. pocket of rich ore on headwall side and then decided it was more likely to be better on the footwall side, so nearby they tested that and as Henry Dole said when he watered it down to see if there was any gold "There was gold everywhere, as far as I could see." They now have found the high grade gold in multiple places in line with this new model both in tunnel tests and drill holes, even over a kilometer away. So a "one off" is off the table. ….. Having reviewed the interview with Kevin Small I personally will assume that it is credible to consider his remarks factual. The one off musing are interesting but I still remain in the camp that the proof will be in the drilling results and the eventual mining of the shears. »

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