MCR 0.00% $1.39 mincor resources nl

Ann: Quarterly Activities Report, page-4

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  1. 4,464 Posts.
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    The MD? No, they need to sweep that broom through the lower ranks. The MD doesn't come up with the Ore Reserve. There's some serious technical questions that need to be asked and some hot pokers applied to see if this was something like nickel bois being confused by gold mineralisation, or how they went wrong. I mean, Mincor had (prior to 2011) a depth of nickel talent. But that doesn't mean any talent at all in gold, and it seems like that has been exposed. But now the company is about to re-embark on a nickel mining strategy it's worth questioning whether the technical skills exist in-house to do this properly, or not.

    I mean...15,000 ounces didn't disappear from bad mining. It didn't exist in the first place. Makes you a bit tetchy about their nickel reserves.
 
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