time to short, page-3

Please wait for a short while to short so I have some money to buy more shares.
You are right that a 10% rise in nickel is not a 10%rise in profits- it is actually slightly above that.(about 6mill per quarter onto the operating surplus and pre tax profit.
Just as Mincor has not received the full benefit of price rises recently so it will not feel the full effect of prices coming down.This is because it is mining low grade material while prices are high increasing the costs and reducing production.Inaddition royalties will also decline.
Furthermore it could be 20000 tn producer in 18 months time and will certainly be significantly bigger than now.
Add the cu tungsten gold etc and it will take a very brave man to short