TSE:RNX

Royal Nickel Corp (RNX.TO)

0.48
-0.01 (1.03%)
as of Jun 16, 2020, 8:00:00 pm Market Open.
11 watching
0
DON'T BUY

Nickel prices in general have been showing some pretty good improvement. However, this one is not so good. Chart shows this trading on the downside, and recently broke a key support level. Underperforming the market.

PARTIAL BUY

This has the Dumont nickel property in Québec and is obviously leveraged to the price of nickel. Has gotten so beaten up that you could nibble away at these prices.

HOLD
(Market Call Minute) Have a nickel asset in Quebec but a huge Cap-X to find it.
DON'T BUY
Very interesting development project in Quebec. Will have a full feasibility study done sometime next year. Early-stage development. He is not positive on base metals.
COMMENT
Nickel sulfide deposit, which is quite rare, in Quebec. Carries a big CapX. They need to find a partner to develop the project. Trying to bring it into a feasibility study right now. Has been hit pretty hard.
COMMENT
Big nickel deposit in Canada. He did a flow-through for them last year and is keeping it. Have found something but it will take time to put it into production. Expects that years from now this will be a significant mid-cap producer.
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