Royal Nickel Corp. RNKLF

Maverix royalty on beta hunt

[arh0070]

Funny how the booster club (ie the mouthpieces for rnx) suddenly has started talking about the royalties on the beta hunt held by maverix after at least a year of trying to ignore them as an important issue and ignoring those who have raised the issue .Maverix has been having a good few weeks and contrary to what someone put on this bb has plenty of available money having just spent 75 million on some new royalties and starting paying  a small dividend .
Maverix is run by smart people whose business is investing in royalties on mines .So if they sell back some of the gold royalties on the beta hunt to rnx(which is producing good revenue for them),it would be done at current market value and in view of the fact that the beta hunt is now consistently producing 7000-8000 ounces of gold per month they will not sell it for less than its worth ,they have a responsibility to thier shareholders (me included ) to do that .
One could imagine a partial sell back, as the royalties on the beta hunt are extremely high ,rnx trying to tell mmx that they could suspect beta hunt production for a period of time to get leverage is patent nonesense .So we will see what happens .Royalties often go for a p/e of 15-20 times ,just look at the p/e of FNV .so buying back a 1% royalty at 80 ounces of gold per month ,equals about 120K per month times 12 equals 1.44 million times 15 equals around $20 million US per 1 % royalty .