As i predicted yesterday and last 2 weeks, MCR has outperformed and loks like someone knew the results yesterday and wisely bought up pre announcement easy 67c to 74c profit of 11% in 1 day.
new drilling results produced INCREDIBLE high grade at all 3 mine areas, Durkin is a massive area untested yet 6% high grade, wow, thats more than double SIR so called market darling grade of 2.3%. There is highgrade all around MCR tenements that so obvious now, its a gold mine paradise precinct that many NI producers would die for. if SIR announced this the SP would be up $200M, thats the whole MC of MCR and some.
forget the 2 year mine life criticisms, its all blue sky to $1 imho from her. MCR can pull a 1-2 bagger from here easily with these discoveries and the exploration budget committed 2014 of $10M is paying off big time, more than anyone ever expected, the traders and hedgies will spike it back to $1 from here, the drilling anns will be coming out from now to 30 June and its a steamroller that no one will get in its way.
Fact is the sell off $1 to 55c was an overreaction and accumulation dream come true. I bought at 98c, 80c, 55c, I havent sold any and am bullish to $1 and stay and wait for that Macquarie equities TP of $1.55.
MCR should move to that 80-90c range soon on larger volume then test $1 in Feb with more high grade drill results.
As i predicted yesterday and last 2 weeks, MCR has outperformed...
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