MCR mincor resources nl

my understanding of the original purchase agreement is "all...

  1. 4,727 Posts.
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    my understanding of the original purchase agreement is "all exsisting resources" will be toll treated by Ni-West .....until 2018 (1 small part is 2016 I think)

    so a "new discovery" is not part of the deal .......

    this means MCR can market this ore (when they get around to it - after delineation drilling, mine planning, board approvals etc etc etc) to third parties .......imho - they are very likely to get a significantly better deal for any offtake - you may wish to chk the announcements from WSA (re jinshiun (spelling) offtake) .......to me it looks like WSA gets 82-82% of metal value .....

    so, potentially, Cassini will be "worth" considerably more than Mittell !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    the "obvious" question to ask - is "is Voyce a new discovery" .......(imho - I think not.....)

    again - this is excellent news for MCR shareholders ...

    rgds
    Value_Hunter
 
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