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$1.39 mincor resources nl

HI VH. Always appreciate your thoughts. Not sure I understand...

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Gavinbell

255 Posts.

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01/02/19

11:23

Post #: 37297128
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Originally posted by Value_Hunter: ↑

the WGP has been a mini cluster...fk ......

basically 30% of the initial reserve mined for NIL NPV .....

hopefully - better resource delineation drilling can fix that problem (thin mineralised beds, and spotty g/t).

the inc in gold price saved them from severe pain (imho)

however - its should be clear that Cass is going to be a very very good resource ........

if they go down the own mill and concentrate path - expect capital to be reqd (plus a potential uplift in valn from greater % of nickel payable) ......this may cramp the price in the ST.

noted that cancelled warrents have started increasing .......expect to see 10k come out of the LME in due course ......which is (imho) whay the price has started moving up ........when china new year is over - further draws likely (again imho).

rgds
V_H

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HI VH. Always appreciate your thoughts. Not sure I understand what you saying about gold. Hope I don't sound too dumb. Cheers

MCR Price at posting: 37.3¢ Sentiment: Hold Disclosure: Held
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