MCR mincor resources nl
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Elephant in the room?

  1. bacci
    12,797 Posts.
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    23/09/19
    12:32
    Post #: 40526006
    The fundamentals of the Nickel market are good.
    MCR seems to have some good resources.
    Some of the people left in the business have nickel mining experience from years ago.
    All very good, but...

    MCR has no processing capacity or experience. It is completely controlled by BHP which can choose to open the Kambalda smelter when it chooses. BHP holds all the cards.

    When will BHP choose to open the Kambalda? When it does MCR will have a future and be worth a punt.

    bacci
    MCR Price at posting: 57.5¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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