MCR and PAN, page-3

eyedrop

it may be worth your while going back throu a few of the companies preso's (both)

both MCR / PAN trading around cash ......
MCR have stated "ore" left in the mine to fund start-up
rough est for Durkin nth development is 15-20m ....

for PAN, they have indicated 45m for capex for the "deeps" project, plus maybe 5-10m for resumption......however, the offtake "may" get rejigged ......it would be nice if they used any offtake for financing ? this implies a cap raise .....

PAN are obviously in some more problematic (cuts to directors fees, shifting of shares of major holder) .....

MCR have "done" this before .........

obviously - it will take a recovery in the nickel price .......how long is really a piece of string .......however, MBN looks "gone".....as does Clives refinery in QLD ......

so supply << demand ........hence you will have to watch stockpiles (real and imaginary) like a hawk .....

you will have to make up your own mind .......

I am (personally) backing them !!!

rgds
Value_Hunter