MCR 0.52% 96.5¢ mincor resources nl

Also awaiting gold assay results from their Kambalda North...

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    Also awaiting gold assay results from their Kambalda North nickel tenement.

    The Kambalda North tenement, which hosts their mothballed nickel mines, is also a prime piece of gold real estate, along strike from the South Kambalda-Revenge multi-million ounce gold camp.

    Up until recently Mincor only had the nickel rights there, but the gold rights reverted to them late last year, so this quarter they have been resampling some of the many 1,000s of metres of nickel drilling that they have done there and assaying for gold.

    I personally am waiting with some interest to see what turns up there in the coming quarterly report, as well as to see how many more ounces they have added to resources at Widgiemooltha, and what the result of the gold DFS is there.

    Many a slip twixt cup and lip, but still an interesting little punt at 17.5c.

    Long term, the big upside is in the nickel, but if they can keep things ticking over with cash flow from some gold production, then they won't have to go to the market for funds in the meantime.
    Last edited by Onceover: 25/04/17
 
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