Nelly Shishkova

Minerco Resources Inc (OTC:MINE) Is Eager to Climb Higher

by Nelly Shishkova April 25, 2012

Minerco_logo.pngManagement anticipate that they will incur substantial losses for the foreseeable future. Although they have acquired a 100% interest in the various Hydro-Electric and Wind Projects, there is no assurance that MINE will receive any revenues from this interest.

Meanwhile, even if the company purchases other non-operated interests in hydro-electric projects or begin construction activities on any properties it may acquire, this does not guarantee that these will be commercially exploitable.

Based on its planned expenditures, MINE requires additional funds of approximately $13,800,885 to proceed with its business plan over the next 24 months. If the company secures less than the full amount of financing that it requires, MINE will not be able to carry out its complete business plan and will be forced to proceed with a scaled back plan based on its available financial resources.

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