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$1.39 mincor resources nl

Ann: Cassini continues to grow- 17.6m @ 5% nickel in stepout hole, page-36

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metaldome

354 Posts.

74

09/01/20

10:50

Post #: 42297727
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Originally posted by entropylord: ↑

Cobar,

From my vast inexperience of all things geological I am wondering about the possibility of you being on the low side. I make reference to the slide in the recent CR presentation outlining the size of the orebodies in the district. Could we have a peer to Long or to Otter Juan? I’d have though your lower band end was already a safe bet?

Lots to like. Grades, widths, continuity, and starting depth. Cash costs will be low, initial capex modest, and sustaining capex low.

I would however like to see a higher pon before we restart. Perhaps given the market is already rewarding in the sp some of the potential it might be best for MCR to refocus onto exploration for the next 12 months, doing another modest CR after some results from elsewhere and on a 100 kt plus (assuming it’s there) Casinni resource. I understand the old model of exploring just enough to maintain a 5 to 7 year mine life, but hate to waste good ore into a tepid pon.

EL

Special Disclaimer: Mining experience - zilch, Geological expertise - zilch.

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First production would be over a year away at best anyways so who knows what the price will be then. All you can do is keep moving forward.

MCR Price at posting: 68.5¢ Sentiment: Buy Disclosure: Held
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