GREY:RNKLF - Post by User
Comment by
GreenGeckoon May 10, 2020 10:02am
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Post# 31008705
RE:RE:Rnx
RE:RE:RnxThe problem with TMAC is, the location in Nunavut is just a nightmare for infrastructure, high costs etc. I avoid Nunavut and those remote projects. Dumont is in Quebec with an agreeable govt, permitted, proven. And the Australian ops were bought at about a 75% discount given in situ ID'd au. RNX is not TMAC. We're operating at low cost, have a massive nickel-cobalt-palladium-platinum deposit with high recovery in sulphides provable. Our NPV for au justifies less than half the market cap. We're getting Dumont and 30 years of nickel production as a chaser. I don't believe the two compare. And the Chinese have proven inept at their purchases. The Guyana Goldfields disaster was bought, sight unseen. They will regret it, as they will regret the TMAC purchase. Furthermore, as an aside, I don't think Canada should allow China to invest in our resource sector. China is a disgusting hellhole tyranny and I won't part of them anywhere near my country. They are pigs.Dirty pigs.