Royal Nickel Corp. RNKLF

RE:RE:HGO: purchase price, mill replacement cost,gold in the groud

[BillionaireBoy]

christopher11 wrote: fully maxed out on the revolver and the bridge loan at $35M. They have no credit facility left, not making any real money mining and have $40M in current obligations against $20M in cash and receivables. Have to raise money just to keep the lights on never mind fund drilling and development. I would suggest $4.5M cost for the facility is light - $1.4 set up fee additional $.7m in shares $3.5M in interest for 12 months + legals +++ is way over $4.5M

Christopher11 you have a valid concern in that RNC's cash burn rate is extremely high. They may have bit off more than they can chew with the Higginsville acquisition. The costs of running the plant are probably too high and a small company like RNC probably can't afford the monthly costs. I too would like to see much more transparency with regards to how the company is spending their monies and if the spending is resulting in increased production at Beta Hunt. In a few months the shares will either be at 20cents or 80 cents (I am hoping for 80 personally). GLTA RNC Longs.