Positives.
1 - Cash costs for their nickel production $4.96, versus nickel price around $8.00 a lb.
2 - 81 million cash and recievables in the bank and no debt.
3 - 2 new high grade ore bodies coming on stream in the next two months.
4 - A lousy $200,000 spent on extending their tenements.
5 - A rich gold\copper play in New Guina
6 - The MD has been buying, on market.
7 - They are buying back cheap shares.
8 - A MD you can trust.
9 - They pay a dividend, probably more than your bank pays.
10 - There are so many nickel producers that will go belly up, if prices stay at these levels, opening up the opportunity
for a quick rebound in the nickel price.
11 - Norislk is hunting and BHP is looking at selling Nickel assets.
Negatives.
1 - With the world treading water, we still face depression. ( Mincor will survive, they have the cash)
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- i give you 10 reasons for, 1 against
i give you 10 reasons for, 1 against
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