Ann: MD's Presentation at Diggers and Dealers 2015, page-4

I agree with you both.....however:

1. republican hill / voyce - wont "drive" the company
2. cassini does need to be drilled out (and has excellent upside) .......
3. durkin capex - 10m +
4. this implies MCR has the "potential" to be capital constrained ......we certaibnly do NOT wish to have to enter any hedging at low points in the Ni cycle .....

needs a higher Ni price to generate cash to self fund development profile ......

wonder how any offtake for Cassini is progressing ?????

almost a "sitting duck" (imho)


rgds
V_H