2010 price target

Sounds less crazy by the month...


Subject 10 bucks a share by 2010
Stock Code MCR - MINCOR RESOURCES NL
Posted 24/11/06 05:49
Posted by Arbroath
IP 193.128.xxx.xxx
Hotcopper Radio MCR on BoardRoom Radio
Post #1392835 - 149 reads
Start of thread

Sound crazy? Maybe not. If the commodities boom does fulfil its "stronger-for-longer" potential as SE Asia keeps urbanising, by 2010 MCR could be producing 20,000t of nickel per year. At US$30k per tonne with an expanding PE ratio as the masses get excited about commodity investment its not so much of a stretch to see NPAT of A$200m put on a PE of 10 for a market cap of A$2b, or A$10.25per share....