MCR mincor resources nl

over the past few years mincor has plodded away keeping its head...

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    over the past few years mincor has plodded away keeping its head above water in a tough environment.

    nickel production was more or less replaced by "new" findings in the existing mines.

    holders have been rewarded with a good divident out of past earnings.

    the recent announcements are changing the game:

    - new mines will be established significantly extending minelife and therefore mincor existence

    - these will require quite a bit(anyone wants to guess?) to build/run etc

    - some technical/operational risks

    - how to pay? CR or from existing cashpile?Impact on dividents...

    just a few thoughts - am sure there are more things to consider.Overall positive but higher NI prices would help..a lot..

    cheers
 
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