Yes you've already discovered the trick with this stock-can the mine lives be extended? Nickel ore bodies are not easy to find-the second of MCR's mines,Wannaway is due to close within six months,once that happens all the admin costs will be borne by Miitel which probably only has 18 months life left in it & MCR is currently 75% hedged at $A11k/t until Sep03 so aren't currently reaping a great deal of benefit from the current nickel price.If there is no exploration success from MCR in the next six months then the current shareprice will drop back IMHO.
- Forums
- ASX - By Stock
- MCR
- mincor...
mincor..., page-2
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online