re: Ann: Mincor Unveils $30M PNG Gold and Cop... On face value, I don't like this deal
Appears that there will be a lack of short-term share price impetus, with the 5 year and 8 year JV earn-in agreements
Would rather have seen MCR buy something outright and with a shorter lead time to possible development
The next quarterly could be ugly reading for MCR. I'm expecting a greater loss than the previous quarter. The lower Ni price and higher AUD will hurt
Definitely a turning point in MCR's history, and confirmation that their Kambalda Ni operations are on the way out
Cheers
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