MRE 0.00% 87.0¢ minara resources limited

breakout alert, page-30

  1. 1,750 Posts.
    Now that cannot pass without comment.

    I Quote "Dont forget its one of the biggest high quality nickel plays on the planet as some have suggested." bladder

    The Ore Body Its shallow Saprolitic clay with some smectite slop. it wouldnt suprise me if the mining schedule has compromised the mine life. In other words 10 years of being in crises may mean the best of the ore bodies have already been raided.

    It requires 1.5 Billion Dollars in complex plant to produce any Product. It is a huge consumer of energy. This augers poorly for carbon reduction

    To my knowledge it has never Produced Nickel to original design capacity.

    The Operation is hemoraging cash. Its not a capital raising, its actually a last gasp action to secure ongoing operational expenditure.
 
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