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.