re: when does mcr gets true value
Nickel stocks down again this morning to 5676t. As long as the tightness in the nickel market persists for most of 2007/08 then Mincor should be able to head to $4-5 as they increase production. My dream is the nickel tightness might last long enough that Mincor could reach $10 by 2010as by then they will probably be producing 25kt pa. Its hard to value a commodity play that far out, and particularly in these nickel market conditions, but for most of us that hold at well below current prices it seems a safe play to sit on our hands and see how far Mincor takes us...
MCR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held