Royal Nickel Corp. RNKLF

RE:RE:RE:Red Cloud: Q3 Reporting Preview Top Pick RNX

[goldhunter11]

Merci Pierre for the info.

The unreported inventory is shown in note 1 (my memory is still good enough, lol) , pasted below is form page 11 (under Section 5, page 11 of the pdf, go to the link to read the whole Financial Report). The ouces held on 30 June 2019 is 20,850 oz (underlined mine), which is to be credited in Q3, according to my understanding. As indicated, this amount is significant (compared to the 3 month production July/Aug/Sept of ~24,000 oz) and would add quite a bit of revenue in Q3.

Please indicate if you agree or disagree with my understanding.
GH11
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"5.INVENTORIES Inventories consist of the following:
1As at June30, 2019, coarse gold, gold ore and gold in process comprises16,649ounces (December 31, 2018 –6,806).The Corporation’s high-grade coarse gold discovery of specimen stones from September 2018comprises4,201ounces (Dec 31, 2018 –4,944).Total number of ounces held at June30, 2019 was 20,850(December 31, 2018 –11,750)."

pierreg wrote: goldhunter11 the unreported amount of Gold is significant as per Page 12 of https://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1eosqit-q3b.pdf
 
https://web.tmxmoney.com/article.php?newsid=8807945007332836&qm_symbol=RNX:

Also, «as of June 30, 2019, 197 kt of gold mineralization remained on the Beta Hunt and HGO ROM pads for tolling.» Finally, Q2 Gold mined (ounces) 11,056 & Gold sold (oz) 8,187.