MCR 0.00% $1.39 mincor resources nl

on the move cash&hedging backing of 53c

  1. 5,376 Posts.
    lightbulb Created with Sketch. 2
    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....
 
watchlist Created with Sketch. Add MCR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.