MCR mincor resources nl

cheap

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    Dividend 6%

    P/E ratio 5.5

    Cash $70 million

    No debt

    GFC and 52 week low of 55c

    Operational cashflow $16.5m, in excess of the $12.7m spent on capex & exploration.

    Best cash cost since June 2009 half year, despite 11% decrease in nickel prices.

 
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