$RNX: Clarity as to why RNC is a good investment Good post on CEO.ca May 3rd by @JMAC90 about clarity as to why RNC is a good investment:
«For anyone who needs clarity as to why RNC is a good investment and for the people down money and getting scared with all the tree shaking... there’s so much great DD out there and 20,000 metres of drilling data that has now been released, which has proven our model and highlighted how profitable mining will be with very wide and high grade mineralized areas. These areas are far above our 3gpt profit cut off.
People scare easily. If you learn the facts the bashers become comical instead of fear inducing...
BH’s ramp system puts us at the gold and production will be immediately profitable. Luckily, management were forward looking and bought a mill + gold asset to deal with the ore. With the mill to process the ore, that’s laying at our feet, we can get revenue flow quickly and easily and for cheaper. We have years of growth ahead.
Being right above the Kambalda dome gives us the unique opportunity to mine these shears of multiple km strike at 1km potential depth. Whereas, other mining companies further away in any direction around us would have to mine much deeper to reach these structures as they slope down with distance from us. We are at the epicentre. What’s something unique to any epicentre? Well, there’s a high concentration. Our concentration seems to be gold. As we drill deeper with the next few thousand Metres of the program we will test the concentration.
Other miners would have to spend 100’s of millions in infrastructure to do what we can. Rnc paid 10 million for BH which came with a 200 million dollar ramp system and equipment. What a bargain! Yes, it was lucky that the previous owners didn’t know what they had. However, we knew the potential of it! Fast forward 3 years, and we buy a 50 million dollar fully functioning mill and 2nd gold operation. Total they are in for 60 million and are at the position to start making the money back and then milllions more.
We are trading at low .40’s and we are knocking on the door of a Multi million ounce reserve. Make your own decision but seems like a no brainer to me! The drill results are great and another bonanza blast is imminent. We are metres away from multiple thousand gpt intersects. A blast like the FDV may be the spark that lights this fire any day. Beta alone is enough reason to buy, but that’s only one slice of the pie. We have Dumont, Qiqvik, and newly acquired Higgs property. Many catalyst to come in near future. People should be excited. Don’t be that person who listens to senseless bashing and sells at the first shake of the tree. »