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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Post by goldhunter11on Sep 30, 2019 5:23pm
336 Views
Post# 30179419

GTV 2.0, what would happen to this load of 274kg rock?

GTV 2.0, what would happen to this load of 274kg rock?This gas tank size load of 274kg containing approx 1750 oz (worth about C$3.25M) was discovered on 20 Sept 2019. What would happen to this load of rock (grade ~200,000 gpt..very nice "coarse gold" as shown in Figure 1 of the NR).
- Will it be included in the Sept production? Soon, Paul Huet would disclose the number for Sept, which is expected to be north of 8000 oz (the production level per month for July and Aug).
- Milled already? Most likely, since it a bother (and costly) guarding a small load of rock with a value of $3.25M. The best way and most secure way is to send this load in a Brinks truck (small truck would do) as soon as possible to the HGO Mill (one hour away) and put it in the ore bin for processing. Best guess: By now it has been processed are in the Au dore bars.

Perhaps, RNX has some options for reporting the revenue and cost for this load of rock, but Paul Huet will do that in Q3 reporting.
GH11
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