MCR 0.00% $1.39 mincor resources nl

2007 fy production forecast, page-7

  1. 9,503 Posts.
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    Hi everyone,

    A bit of bummer today for MCR and most nicke producers and explorers.
    Once we get over the July and August months demand for nickel should once again go on the increase and prices should getting stronger imho.

    Good to see that Nickel is gaining about 2% right now on the LME and lets see if it can hold on to that.

    Still volatile times for now but if the China picture is staying with us we should still be fine.
    But I would not want to bet on the high prices we have seen in the past but for sure they could be higher then they are right now.

    time will tell , but as we all know with the increased production that MCR is going to bring to the market we have a buffer for lower prices.
    Soon being the third biggest Australian Nickel producer is also something to keep in mind.

    And remember if copper is the indicator where the world economy is going then nickel should still be in high demand.

    good luck to all

    jojo
 
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