Chart - MCR, page-99

The buy signal was at 60c last year.
When they announced the restart and new discoveries.
Now at the 12 year highs around $1.40 the question is where will it topout and when to sell

$600M MC for 63kt JORC is the highest price per Ni JORC tonne on the ASX
And its only 2.8% av medium grade too.
Still this is higher than Nova or 2.0% but nowhere near Golden Swan of 6.1% or Silver Swan of 9.1% JORC.

Production restart without issues on target & budget and discovering more high grade & increasing NP is the key to maintaining this exorbitant overvaluation imho.

The easy money was made 20c to 140c imho.
Now I cant see any value proposition here only downside risk.

Had a boss once who was telling us to buy when he was selling.
Trading rule 1
buy low sell high.
At 12 year highs danger lurks.