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The essence of today "we have only scratched the surface"
from http://www.rncminerals.com/2018-09-24-High-Grade-Gold-Structures-Extended-by-200-meters-From-Fathers-Day-Vein-Discovery
9/24 Slides Updates discloses and emphasizes there is more to come, not a one-off and model well understood.
Assuming C$2.22/sh is the PE 1 equivalent having these resources, they better not sell anything - or only Beta Hunt for a higher price like C$4+.
+++
Presentation for today is online: http://www.rncminerals.com/download/RNC+Corporate+Presentation+-+24-Sept-2018-DGG_FINAL.pdf
Updates since 9/11 Slides:
p7
- Pyritic Interflow sediment horizon over 4 km of strike length
- Majority of specimen stone discovered on south side of Alpha Island Fault
- Specimen stone found in two areas now – nickel/sediment horizon and pyritic sediment
p8
- Hand of Faith “HOF” specimens recovered in early 2016 are more than 3km away, along strike and on a different shear than Fathers Day Vein discovery
p9
- 9650oz -> 24000oz estimate
p10:
- A Zone 15 Level – Initial Discovery
- Extracted estimated 9,640* oz of refined gold - ~$16 million dollars in 4 days (Now estimated to be 24,000 ounces from entire area)
- *Note: Gold Recovery is on-going and total amount recovered will be determined in about 2-6 Weeks (still)
- Note: Gold Recovery is on-going and total amount recovered will be determined in about 9/25 - 10/23 (still)
p14 new: Beta Hunt – Upper/Lower Lunnon Basalt Pyritic Sediment; Layer Interaction with Gold Shears
- A preliminary model to understand these high grade gold structures at the Beta Hunt Mine has been developed and will be further refined as additional exploration and development continues.
- Preliminary Simplified Structural model, showing Pyritic Sediments interface with A Zone & Western Flanks
p16 new: Western Flanks – High Grade Coarse Gold Potential; Pyritic Sediment Horizon Already Intersected
- Expectation of bonanza gold in the zone where shear/pyritic sediments interact
Price Legitimacy via Volume
Monthly volume is now 47.572M, from 19.47M as seen from monthly candles w/ 12ma volume!
So one day vol is > month, previously.
This gives the price increase tons of legitimacy.
(All numbers from RNX on TSX)
Besides NCAV all positive balance sheet, word is now that C$2.22 is just PE 1 due to today's 'model' update, see http://www.rncminerals.com/2018-09-24-High-Grade-Gold-Structures-Extended-by-200-meters-From-Fathers-Day-Vein-Discovery
For balance sheet correction, see https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143745489
RNX I completely agree the find is going to be Huge. What they have now is probably nothing that they have brought out of the ground. Nice thing is shafts are all ready there. It can be a fully operation mine in the snap of the fingers. I think.
And that would only give it a 3 billion cap, they can be sitting on a substantial bigger find based on what they have discovered so far.
$10.00 is what I expect this to go to. They may get a billion dollar offer for this property
How do you think it will go?
RNX up 700% Because it is a canadian stock. How ever it does trade on the otc as well. RNX will be dollars. I think it will hit $10.00 within 30 days.
Why isn't royal nickel getting more buzz? Stock is a ten bagger in the last three weeks. Up another 40 percent today. RNX on the tse. They discovered three of the largest gold nuggets known to exist, including #1 and #3. They pulled 40 million worth of gold out of three metres of rock and announced this am that the vein it came from extends 190 metres farther than previously thought. And they have 8kms of similar structure to explore. Ceo Mark Selby is presenting at the Denver mining conference at 4:30 today. Look out. This one is going much higher. It will be like bre-x except that it is real.
More good news out along with conference this week.. story just keeps getting better.
SP now at 28% diluted $2/sh Dumont Fair Value w/ Clean Balance Sheets
(all eyes on this)
Warrants & Options from 9/11 Presentation slide 52:
- Warrants 23.2M @ C$0.43 avg = C$9.938M
-- 16.5M @ C$0.50 = C$8.25M
-- 5.9M @ C$0.24 = C$1.416M
-- 0.8M @ C$0.34 = C$0.272M
- Options 35.1M @ C$0.33 = C$11.583M
- Total W + O 58.3M @ C$0.369 avg = C$21.521M
2Q18 C$ 17.7M - 13.6M = 4.1M six month (17.7M was the discontinued mine deduction, no more)
2Q18 C$8.2M annually
9/20 $38M finding = C$49M -> C$57M CAD annually
- C$0.16/sh @ 356M OS
- C$0.1283/sh @ 482M fully diluted
If recurring .. and a real mine w/ much more to dig, you can multiple that by 10.
Cash: C$7M (2Q18) + C$49M (finding) = C$56M
Cash: C$7M (2Q18) + C$49M (finding) + C$20M (Warrants+Options) = C$76M
2Q18 OS 482M fully diluted
2Q18 Current Assets C$38.71M, Total Assets C$92.71M
2Q18 Current Liabilities C$72.28M (Debt C$22.21M)
2Q18 Total Liabilities C$82.20M
2Q18 Non Controlling Interest C$11.659M
2Q18 Current_Assets - Total-Liab C$(43.49M) -> Negative Working Capital
C$92.71M (Total Assest 2Q18) + C$49M (finding) + C$20M (Warrants+Options) = C$161.71M Total-Assets 3Q18
RNC SH Equity C$161.71M - C$82.20M - C$11.659M = C$67.85M or C$0.141/sh
C$38.71M (Current Assest 2Q18) + C$49M (finding) + C$20M (Warrants+Options) = C$107.71M Current-Assets 3Q18
RNC SH NCAV C$107.71M - C$82.20M - C$11.659M = C$13.851M or C$0.029/sh
Company is already NCAV Positive
+++
OS 482M fully diluted
2Q18 Total Liabilities C$82.20M
2Q18 Non Controlling Interest C$11.659M
9/20 $38M gold finding = C$49M
200dma b4 findings was C$0.18/sh
- Cash_1 was C$7M
- MCAP_1 $86.76M fully diluted
- EV_1 C$161.96M (MCAP_1 + Total_Liabilities - Cash_1)
Before 2018-03-22 SP depression (no funding, selling Beta Hunt), SP support was C$0.25/sh
- Cash_1 was C$7M
- MCAP_0 $120.5M fully diluted
- EV_0 C$195.70M (MCAP_0 + Total_Liabilities - Cash_1)
Now @ C$0.56/sh SP
- Cash_2: C$7M + C$49M (finding) + C$20M (Warrants+Options) = C$76M
- MCAP_2 C$269.92M fully diluted
- EV_2 C$276.12M (MCAP_2 + Total_Liabilities - Cash_2)
- EV rose about C$114.16M or +70.49%
-- 2.33x the C$49M findings
-- 1.65x the C$69M findings + Warrants+Options
MCAP_1b by static EV_1 plus cash value addition, no growth
- MCAP_1b C$155.76M (EV_1 - TL + Cash_2) or C$0.323 fully diluted
MCAP_0b by static EV_0 plus cash value addition, no growth
- MCAP_0b C$189.50M (EV_0 - TL + Cash_2) or C$0.393 fully diluted
Dunno how depressed MCAP was due to debt and all that .. but surely much more
So the SP move up until C$0.393/sh seems to be just a correction on findings and Warrants
A simple balance sheet correction.
Based on C$0.25/sh base, leading to balance sheet adjusted SP due to finding + Warrants of C$0.393/sh base.
Therefor SP only rose about 42.5% regarding to recurrent revenues in Beta Hunt @ C$0.56/sh.
Income and growth wise:
- 2Q18: C$ 17.7M - 13.6M = 4.1M six month (17.7M was the discontinued mine deduction, no more)
- Around C$8M annually operational income
-Annsual income: C$49M findings + C$8M previous = C$57M
-- C$0.16/sh @ 356M OS @ P/E 1
-- C$0.1283/sh @ 482M fully diluted @ P/E 1
If recurring .. and a real mine w/ much more to dig, you can multiple that by 10.
+++
9/11 conference after 1st big finding http://www.rncminerals.com/events?item=84
- More to come .. $500M+
- Result of a long process
- CapEx Beta Hunt until July '18: C$8.1M
- Grades increase .. not a one-off!
- Pyritic Settlements: A Continuous unit? Limited? A: Formations are continous a regional feature!
- If Pyritic comes in contact w/ Shear zone there is more concentration? A: Due to structural, chemical controls: Yes!
- Whereever there is shearing + pyritic elements are: more gold concentration probability: yes
- After 9/11 finding (significant cashflow): finding out how much more gold is there, then modelling cash flow & value etc
- More drilling analysis etc
- Underground Volcano -> Pyritic sediments
- Pyritic Black Smokers
- Multiple horizons/levels? Sediment has 2 bands.
- Still need to understand the significance ..
- Finding is from one band in particular
- Do we expect to hit more gold? Yes. (was 9/11 b4 they found more)
- Zone: 10oz/tonne !!! (-> Moon!)
- Other areas 2-3g / tonne w/ usually mining. Expect to be 5 times higher .. but we can not predict that (yet)
- Strategy: Significant mine, goal is to get to 4-5g/tonnes ..
- Continuous operations
- 6 active mining levels
- Ramp access, 500m depth
- Using several diff mills. Closest mill is 25km away
- 100% Lease perpetual, Lessor is mining next to it w/ an open pit
- Lease Terms: ... will be handed over to one guy (maybe he is interested in the company lol)
- NCAV position? With the cash proceeds we should be in net cash positive!
(for sure as shown above, w/ last findings NCAV++)
+++
9/11 slides, p12 *Note: Gold Recovery is on-going and total amount recovered will be determined in about 2-6 Weeks
Note: Gold Recovery is on-going and total amount recovered will be determined in about 9/25 - 10/23
https://www.scientificamerican.com/article/earthquakes-make-gold-veins-in-an-instant/
“It’s generally an exciting moment, and given it’s been a tough slug for us at the mine, to make this kind of discovery just reinforces that we always knew this mine had potential. We’re going into a sales process to put it into hands to raise the capital to do this exploration, to find these areas we know are there, and hopefully retain some equity interest. But this discovery shows Beta Hunt has the potential to be a very large gold mine going forward.”
Nice news SPROTT buying up shares.
This will be trading in Dollars. Just think what would happen in a quarter with a full mining operation. They could bring up 1 million ounces of gold.
Thank for the heads up folks.
I'm from the board RNKLF. What's the difference, just exchange listening symbols and price?
Looks like we have some shorts taking some profit
There's actually 2 boards for this stock. The other one is RNKLF.
They did NOT sell the mine. They were in discussions to sell and then hit the motherlode. The price has gone way up and selling, though still an option, is not high on their list of priorities.
On another note, I cannot believe this board is not getting hundreds of posts every day. This could be the most valuable mine by ounces per tonne in the history of the world. Is it just too early in the game. If so, load up cause this kind of opportunity rarely comes around.
People interested in this should watch this interview.
The results coming in next few weeks could make this a zip code changer. Ridiculously huge find.
The mine is actually sold and in the process of being transferred to the new owner. How will that effect buying the current stock?
In the last week this company has uncovered three of the largest gold nuggets ever found including #1, #3 and another in the top ten. This is the real deal.
For perspective consider this...
Novo Resources went up 10X in around 60 days
from July 1 to October 5, 2017. 80 cents to $8. Of course, this was a period where gold was on an upward slope, but that probably helped only slightly. And what did Novo have ? A few nuggets and a video. Plus a "compelling" theory along with large recognized investors like Sprot (Kirkland Lake). Hey we've got Sprott, too !!!
Contrast to present situation of weekly large boulder finds. RNC smallest boulder has 2 times more gold than all of Novo's nuggets combined and collected over the past 3 years..
“An updated estimate of ounces from the Fathers Day Vein is expected to be provided later this week after final outturns from last week's shipments to the Perth Mint have been received and initial estimates from the recovery and shipment of coarse gold and specimen stones from the most recent development are completed. Final numbers from this most recent development should be known within 2 weeks once all processing by the Perth Mint has been completed.”
This will be a big profit taker. not many are buying shares I think 350 Million shares out. This is up 300% in less than two weeks was at .09. now it is at .40 and there is no stopping this one gold find.
mobile.reuters.com/article/amp/idUSFWN1W00NX
Strike 3km away, interested buyers, rock being sold for display, one of the largest ever seen by industry, sample shown, depth... basically all positive, hopefully they post interview on site.
What did the BNN interview say?
Saw the BNN interview and had to add more. It’s a big find, just added in long account and gonna forget about it.
Other board I watch is claiming up to a Billion dollars. I doubt it but the buzz is good.
Word it’s getting out, huge find.
Big find here this going to fly a lot higher. They could’ve sitting on a billion dollar gold find
Don't we want the word to get out?
Shhhhhhh......keep this quite
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