Royal Nickel Corp. RNKLF

GeoDan spoke with Paul Huet...24 Sept 1920

[goldhunter11]

For those interested  (posted on ceo/rnx about 8:30 pm last night). Points covered include: shorts, AISC, nugget discovery, BH nickel and nuggets as extra profit kickers (gravy).
GH11
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" @Geodan I met today with Paul Huet. The Plan was about 30 minutes. Was surprised when left we ended up talking 90 mins. A major reason for that was the rare and hard to explain high short position with shorts paying seemingly ruinous interest rates to short RNC. Paul was baffled as all of us are why over the past year the shorts have paid such huge interest payments and for many of the long term ones they have no chance to walk away winners even is RNC went to zero. As is normally the case the companies are not aware of this, as only about 1/2 of 1% of stocks have such a situation. Paul had a great deal of questions on this and we went over the data together. The company is now very aware of it. The concerns many here have on the who and why were discussed. Remember besides our discussion here on this article, and the article, such things have not be discussed in public before. That is why there are over 3,500 comments on this article. (posted this on Seeking Alpha Short Article) On operations was encouraged. Both Paul and Graham have a very high opinion of Beta Hunt and think it can be a premier gold mine. I do think in weeks we will have AISC or similar costs out be the company, they have basically said that. They are auditing things to make sure the #s are right. As normal the nuggets worked wonders for the stock. Met during mkt hours and glad to see RNC closed on highs, held the big gain. The nickel situation at Beta is a big plus. Graham figured out how to do some small scale mining of it at low costs, and Paul backed it. So that high nickel profit in 2Q appears real. In terms of selling it, the BHP concentrator is down but that is not a big deal. It is a matter of batch size. To get good processing prices they have to create a certain size batch to ship. So they can sell it to more than one buyer. They are not hostage to one nickel buyer. Their grades are high, so at $8+ nickel is quite bonus at Beta Hunt. Bottom line they can mine and sell nickel now. I think Paul is having fun now after having walked into a difficult situation the first few weeks. They are very happy how Baloo if going and it is a major source of ore to HGO mill. JMHO both Beta and Baloo will cashflow at current 100,000ish oz a year, with bonanza grade gold and nickel as extra profit kickers.@Geodan I met today with Paul Huet. The Plan was about 30 minutes. Was surprised when left we ended up talking 90 mins. A major reason for that was the rare and hard to explain high short position with shorts paying seemingly ruinous interest rates to short RNC. Paul was baffled as all of us are why over the past year the shorts have paid such huge interest payments and for many of the long term ones they have no chance to walk away winners even is RNC went to zero. As is normally the case the companies are not aware of this, as only about 1/2 of 1% of stocks have such a situation. Paul had a great deal of questions on this and we went over the data together. The company is now very aware of it. The concerns many here have on the who and why were discussed. Remember besides our discussion here on this article, and the article, such things have not be discussed in public before. That is why there are over 3,500 comments on this article. (posted this on Seeking Alpha Short Article) On operations was encouraged. Both Paul and Graham have a very high opinion of Beta Hunt and think it can be a premier gold mine. I do think in weeks we will have AISC or similar costs out be the company, they have basically said that. They are auditing things to make sure the #s are right. As normal the nuggets worked wonders for the stock. Met during mkt hours and glad to see RNC closed on highs, held the big gain. The nickel situation at Beta is a big plus. Graham figured out how to do some small scale mining of it at low costs, and Paul backed it. So that high nickel profit in 2Q appears real. In terms of selling it, the BHP concentrator is down but that is not a big deal. It is a matter of batch size. To get good processing prices they have to create a certain size batch to ship. So they can sell it to more than one buyer. They are not hostage to one nickel buyer. Their grades are high, so at $8+ nickel is quite bonus at Beta Hunt. Bottom line they can mine and sell nickel now. I think Paul is having fun now after having walked into a difficult situation the first few weeks. They are very happy how Baloo if going and it is a major source of ore to HGO mill. JMHO both Beta and Baloo will cashflow at current 100,000ish oz a year, with bonanza grade gold and nickel as extra profit kickers."