Royal Nickel could be takeover target, analyst says

Royal Nickel Corp. (TSX: RNX) is an attractive takeover candidate, mining analyst Nik Rasskazovskiy of independent investment dealer Salman Partners contends in a recent research note.  

Not only is the company a pure play on nickel – the base metal Salman Partners is most bullish about in the long term – but Royal Nickel’s flagship Dumont open pit nickel sulphide project in northwestern Quebec is poised to be shovel ready in the first half of this year.

Rasskazovskiy also points to the company’s management and directors being nickel specialists, (the majority previously worked at Inco), and the fact that the team at Royal Nickel expect to receive the main environmental permit for Dumont in the first six months of 2015.

Other attributes include the project’s location in mining friendly Quebec, where its location in the Abitibi mining district gives it “excellent access” to infrastructure and human resources. The analyst also points to the province’s support of Stornoway Diamond (TSX: SWY) and its Renard project, Quebec’s first diamond mine.

Read the complete article at NorthernMiner.com/news/royal-nickel