mrp make or break

G’day all

Well early next week we should have the announcement on the MRP, with the world in a state of panic at the moment what should we expect?

Watch carefully but the key component will be the costs projection on the MRP, with big miners falling over struggling to cope with current metal prices INL need to prove that the MRP is a very low cost operation. If not then the market will reject it and the MRP will be up the proverbial, but if INL can come out and surprise from a costs perspective then we are in the ball game big time.

We are probably going to get a +/- 15% on the MRP and that should be clear if INL will get funding as in this climate it all comes down to costs. Control costs and you have got the market by the sourav gangoolies.

Regards