concur with your thoughts Ktrianta ! (and Brucey 12 months ago...

concur with your thoughts Ktrianta ! (and Brucey 12 months ago !!!!!!)

I guess the "good" news is mincor has been keeping (some) of its staff and utilising them to selectively mine higher grade pods, rather than sack them and place mines on C&M.

they certainly haven't been doing any capital development .....which is very rational (imho).

the comment "regional scale" for Cassini is either a teaser line - ....or hints that mincor thinks it may get substantially larger .....(there are a couple of joles to the N-W on public file (from former dirt holder) which actually had hits > 2% ....so I know that im intruiged .....).

as discusse with Siesel - its typically 8-9 weeks of supply that acts as a trigger for commodity price moves .......circa 35-45kT to "move" .......

given we are paying 15-18m for the assets that:
crap year earns 0
poor-ave year earns 20-40m in c/flows
good year 100+m in cashflows

and we know (or think we know) that it wont go broke
looks like a lower risk, high(er) retrun play in my eyes .....

scuse spelling
rgds
V_H