Nickel is a reason but not he only reason. Based on my observation, the SP started moving when definitive steps were made to explore Tottenham for Cu. Jogmec further participation is another factor.
If you decide to bail out, make sure is not around the time MCR releases any Tottenham results. The lesson of SFR, moving from 6c to 2.60, with a good discovery, should be remembered. A good positive result will transform MCR to a diversified miner, which attract some premium.
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