Home > Boards > Canadian > Mining/Resources > Royal Nickel Corporation (TSX:RNX)

Seeking Alpha says "Significant Upside" in an OVERLY

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kayakhigh Member Profile
 
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kayakhigh   Tuesday, 10/09/18 08:51:26 PM
Re: OGINVU post# 75
Post # of 102 
Seeking Alpha says "Significant Upside" in an OVERLY CONSERVATIVE opinion.

Note the article states "For analysis purposes, we've rounded this down to 1 ounce of gold per ton blasted" at Beta Hunt Mine.

One ounce? Really?

The opinion is WAY TOO CONSERVATIVE FOR 2 REASONS: (stated in the article)

- "Beta Hunt currently yields over 161 ounces/tonne "
- "Other gold mines in the area range 20-30 ounces per ton"

Based on this I reach my own conclusions:

1. A share price of $25+ is probably fair. This is a gold mine at a nickel mine share price.

2. JUST ONE MORE company press release indicating continued high yields of high quality gold could make this company Bre-X #2, but with a real gold mine producing real gold.

3. Taking some kind of position on Royal Nickel will not be a waste of money.

https://seekingalpha.com/article/4210751-rnc-minerals-beta-hunt-valuation-implies-significant-upside

Peace from BC



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