RE:Won't argue with a gold bug that gold isn' the greatestThe link provide was not the latest Corpporate Presentation (3 April 2019). The latest one is dated 21 August 2019.
Slide 30 of the April 2019 shows the Ni resources (not reserve, note 1 for the table explains this). In addition, the resource was for Feb 1, 2016 (out dated, since they have been mining Ni and by now te Ni resource, if they have not spent money drilling for it during the last 3 years to replenish the resource. The latest Corp Presentation put more emphasis on Au at BH since the resource has increases dramatically for some 1/4M oz to over 1.3Moz for just the WF and AZ. Ni potential would come from Dumont (even though at low grade, 0.27%, but the size is something, 2nd largest deposit in the world, 6B lbs worth of Ni, plus a huge chunk of Co. RNX management is counting on making money by spinning off Dumont (all they need is some deep pocket with $1B of CapEx).
The Ni at BH is insignificant compared to Dumont. So, for Ni supporters Dumont is the hidden card for Royal Nickel. They are getting there since the price of Ni continues to go up, and stays above the assumed value in their Feasibility Study. If price of Nickel shoots up it may even attract investors like Robert Friedland (Ni = new gasoline in the context of eV).
GH11
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factRbest wrote: RNX last presentation that included the Nickel reserve
April 2019
www.rncminerals.com/download/RNC+Corporate+Presentation+-3-Apr-2019+FINAL.pdf PAGE 30
Again this was identified by the previous owners.
THey would explore drill until they found enough to mine then they would mine it.
As it depleted they would explore drill again.
Have been doing this for decades so there is no reason to think that is all there is.
FYI
The nickel they were recovering was in the gold ore.
the nickel ore will contain gold.