MCR 0.52% 96.5¢ mincor resources nl

Ann: More high-grade nickel at North Kambalda, page-3

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  1. 923 Posts.
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    The Company has released the find as good news, and it is good news - ie shallow deposit & good grades.   


    It will be better news (hopefully) when the Company explains to Shareholders how and when it will monetise.


    The discussion and planning is around mining / offtake agreements etc and it is difficult to know just what to do.  The rise in the nickle price stalled and has been falling since around July, it wasn't supposed to happen that way.


    Rising Chinese demand is seeing stockpiles fall, and it should be that way for several years.  Mind you, it was envisaged this would be the case over the past 6 months, so just watching and waiting atm.  

 
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