Not so sure Redbackrules.I like the fact that mcr don't have to...

Not so sure Redbackrules.
I like the fact that mcr don't have to run a processing plant. Nickel west would not have signed an agreement for supply if they didn't want it.
600,000 tones a year at 4% is big. Let's say the recovery is only 3%. That's 18,000 tonnes of Nickel at $20k Aus is $360 million.
Long which is shovel ready produced at the low $4's and i would expect Cassini to be about the same and maybe better.
So if the price of Nickel is about $9 Aus and the cost is half that then it is pretty easy to conclude that Mincor could be spinning off $180 million Aus.
I feel that they may even have ore before the end of the year with Long.
Even if i am half right then Mincor has a bright upside.
Sure Pos has processing plants but they have no ore to process which makes them worthless.
Just my thoughts.
Cheers