MCR mincor resources nl
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on the move cash&hedging backing of 53c

  1. oppietrader
    5,378 Posts.
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    28/01/09
    14:09
    Post #: 4734599
    MCR has $72mln net cash equivalent and +$34mln of hedging position (1700tonne of nickel at $37,259/t). This is approx. +50c cash backing.....

    And a healthy operating margin of $4000/tonne or approx. $64mln operating cashflow.... Market cap is $130mln.... pretty good upsize if nickel remain at $5USD or more....
    MCR Price at posting: 64.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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