The copper/gold porphyry sytems that they are chasing in PNG is the game changer for this company.
Many a small cap asx co are exploring PNG at the moment for these mega deposits. These kdeposits are so big that no small or even medium cap co has the backing to develop into a mine. Moreover most of these explorers suffer serious dilution through never ending cr's that are requird to continue the expensive and extensive drilling that is required to prove up these deposits. They often go to over 1500m deep and cover an area of several suare km.
Mincor is in a great position to fund these explorations to jorc and pre-feasibility which is beyond most small caps.
Check out Freida River, nearly $100 billion dollars of in ground value copper and gold. And look at the map, a very near neighbour.
For Mincor to have that much value of nickel ore in the ground they would have to find 5million tonnes of nickel!
This company is doing great things with nickel mining and now they have a purpose for growing their cash reserve- exploring copper/gold porphyry systems in PNG.
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The copper/gold porphyry sytems that they are chasing in PNG is...
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