Royal Nickel Corp. RNKLF

RE:RE:RE:RE:RE:RE:RE:Facts are Best

[Fabrix72]

Hey Benz....there is only one FAB here...FabrixAndtheBass

BenzoOrbiter wrote:

factRbest wrote: Calm down FAB, Benzo only argues on Fridays. Or almost Fridays.

Both the nickel and the underlying low grade gold are marginal at best which is why they were slowly going bankrupt prior to fdv. They are concentrating on the gold and zeroing in on high grade with the drilling. And the mill purchase is a smart move as it brings down the cost per ounce while increasing output and filling up the mill to maximum capacity making it more efficient so that they will be profitable without any more high grade if its not found. Dragging the boulders around is good pr. As for moving the markets on SH I would agree with that. As for bad news for me, I dont think so as I am just observing here not being long or short. I am keeping an eye on rnx as I made good money on it and still think its an interesting play but they need to find more high grade.

Cheer up FAB. Life is good. Dont be a sourpuss. If you like rnx stay in and if you dont, get out.

Benz:)
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I will assume you pulled that out of your assets.
RNX after buying Beta Hunt stopped the nickel mining and turned to gold without a known resource.

There was 2 years of reverses identified on the nickel side. Grading 4 to 5%
Cost to mine as stated in the PEA and experienced by previous owners was 2.70/lb.
Shortly after buying Beta Hunt nickel recovered and went to 7 buck.
Do the math. That is 5 buck profit on ever pound.
Nickel is now at near 6 bucks so the profit would now be around 3 buck per pound.
We are talking 100s of millions in profits with the resource open to find more as has been done for decades.
I will calm down
Can you stop lying?????

Boy you sure like to argue FAB. If were economic to mine the nickel they would mine the nickel. So its not economic to mine the nickel. Simple. Like Benzo.


Simple Benzo :)