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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Comment by goldhunter11on Jun 27, 2019 11:35am
163 Views
Post# 29869908

RE:RE doesn't even include the big finds!

RE:RE doesn't even include the big finds!SuperDee,
I would agree that the Production Plan would be in August, but the next RE would be for the A-zone which is expected to come very soon, since they have all the data. They made the decision to release WF first (today) because the RE for WF is much larger and they don't want shareholder to be too anxious. The A-zone RE could be released in short order, to be followed by an update of the 5000m drill program. Fig 3 of the NR of 5 June 2019 shows the JORC boundaries for the 31 Dec 2017 and some key drill data. Note that  most of the ne drill results are outside the JORC boundary (left side of the page), so expect quite a bit of additional resource. The infill data would upgrade the Inferred into Indicated.
I would also expect the company to explain the strategy they have for handling the bonanza grades and the boulder specimens. For example, the area from level 16 (GTV) to level 15/14 (FDV). What they plan to do?  Are they just waiting for an opportunity to poke a hole to see how many ounces of Au are going to fall down. I suspect that they might just do a "controlled" development, i.e. they don't want to extract everything in one shot. There may be issues about structral intergrity of digging and blasting, but they may want to get out just enough bonanza coarse gold or boulder specimens in order to control their production? Save some for a rainy day, since they know where the gold is (no need to post a guard to guard loose gold, just don't allow too many people to walk about those areas)..
GH11
-------------------------------------------------
SuperDee wrote:
The resource estimate does NOT even include the FDV find or the last recent gas tank sized gold discovery. Those are just icing on the cake.
The next RE will be in August we'll get another resource estimate and overall Gold Resource Estimate followed by full-scale gold production in the fall.
This is going to be a rich Christmas!


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