Mincor continues to deliver the goods, with increases in Nickel resource - apart from the other tenements they hold for Zinc, Copper, etc.
Yes, they are undervalued at present (from memory, it's less than 6PE ratio), but these things don't last forever.
Management continue to provide good market information, smart JV's and quick start ups for new operations such as Carnilya Hill. This together with increasing the resource pool.
It is a matter of time, and IMHO (not all THAT humble, actually), I don't see the time being all that far off before they will be re-rated up.
I think they should buy Tectonic (TTR), with whom they already have a JV. They could fund it from existing cash, and it would provide over $2b of resources in ground - Gold, Zinc, Lead, Silver,and possibly more Nickel. I think this might possibly lead to a re-rating away from pure Nickel.
Coincidentally, it would also help my investments.
Lol.... and DYOR please.
Add to My Watchlist
What is My Watchlist?