Royal Nickel Corp. RNKLF

RNX

[arh0070]

Article quoted by Pierre contains the sentence “could have just gone royalty “instead of dilution .Cant imagine Maverix or anyone else would pay much for a royalty to tack on to the 7% already existing .I have in fact found another company (a diamond mine)which had a higher royalty on it than the beta hunt, it was 9.5 % and owned by Osisko royalties .The mine has just gone bust so the royalty company has had to take over the entire company .News on Kitco today .other factors no doubt contributed but tough to make a profit when royalties are very high and comes off the top.Anyway ,pretty obvious they are having trouble raising the new money hence the need to add an option with more dilution involved .Hence the fall in the share price down to 36 cents canadian or thereabouts .
One would hope this price is close to the bottom .As indicated before it will likely not be until the third quarter results are published ,3-4 months from now before it will be apparent as to whether this mine can be cash flow positive after Royalties,debt expenses  and mining and extraction expenses .One would think that it would be given the POG ,how much is the question .Grade of ore is obviously critical .more waiting will be required by investors to see if those who bought in the last year post FDV discovery will ever make a profit .