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....
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- on the move cash&hedging backing of 53c
on the move cash&hedging backing of 53c
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