Royal Nickel Corp. RNKLF

RE:Latest SEDAR Filing Addresses Some Concerns

[goldhunter11]

HIghwired,
Thanks for posting enough details of the SEDAR filing. The list of expenditures has a total cost of $16.5M which is about the same as the value of the PP of $18-20M. The items seem small (with the excception of the $5M for mine ventilation, etc...perhaps the largest chunk is for ventilation, ramping up would require more people and equipment = more fresh air) but they do add up.

Just for  info. There seems to be some problem with SEDAR, since the link you posted gave an error message. Attempts using the usual link for SEDAR had the same problem (site down?).
GH11
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Highwired7 wrote: The aggregate net proceeds of the Offering are intended to be used as follows, figures expressed in 000s:

Further capital development for production in the A Zone and Western Flanks (Beta Hunt Mine) $2,800

Exploration and development drilling and related activities in the A Zone, Western Flanks, Fletcher, and areas south of the Alpha Island Fault (Beta Hunt Mine) $1,200

Other capital expenditures relating to the Beta Hunt Mine (including mine ventilation, refurbishment of mobile equipment, and spares). $5,000

Capital expenditures relating to the Mill at the Higginsville Operations and integration of the Mill with the Beta Mine (including crusher product screen, replacement of secondary crusher, refurbishment of mill thickener, replace auto lubrication system on mill). $1,500

Testing the installation of HV power to the Higginsville operation and the integration of the Beta Hunt and Higginsville operations including diesel, haulage, stores and maintenance. $1,000

Geological review and exploration of the Higginsville property package. $2,000

Working capital and general corporate purposes $3,000

Total $16,500

https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00030716&issuerType=03&projectNo=02956735&docId=4587324