Royal Nickel has been up considerably since the end of July 2012.


I believe that the recent PFS sparked the interest


That plus the $12 million loan from Ressources Quebec for an 0.8% Net Smelter Royalty on minerals produced at the mine, plus a 2% interest in the company.


They have lower grades but a larger tonnage than Minago. Victory takes them on its frac sand co-product but a mineral byproduct comparison is not clear.


Their management consists of former INCO executives,which indicates that nickel should do well in the future, especially considering the lower grades at Dumont.