Royal Nickel Corp. RNKLF

Booster club

[arh0070]

Pretty obvious that Mr Huet has not yet cut off financing from the booster club .Cant see that he is getting value for the 600K spent ,this year .Share price pretty close to low for this year .Reading between the lines of his comments ,its pretty obvious that it is going to be a long term struggle to get the cost of production down the make the mining of the low grade stuff profitable given the royalty structure .Perhaps with some of the money they have in the treasury they will attempt to buy back some of the royalties from MAV .Also pretty obvious that the financial results from this quarter from mining the low grade stuff will not be great .Probably at least 6-12 months before a steady state in terms of costs etc is reached.Its amazing to me how many posts there are on this bb and also my last note had something like 375 readers .If you go for example to great bear resources site you discover way less readers and notes ,GBR has probably the biggest discovery in Canada this year .October is likely to be a down month for the gold markets as its often seasonallly weak and the gold market is way overbought .I dont begrudge Mr Huet being granted options at around the current share price ,it looks like he will make a difference to the operations side of RNX .He will only make money if he gets the share price up which will not be an easy task given the large float .