Mincor has now broken away from the $4 mark and with the latest aquisitions we should have a safe journey towards the $5 mark. As i said before I believe that we have the $5 already in our pocket, only the market needs some time to catch up.
I see the nickel price staying strong in the near future with the usual fluctuations in between. During this time we will have the Otter Juan mine added to our producing mines and the go ahead given for Carnilya hill.
And a good closure of the year with record profits for the last quater to set the trend for more to come.
Carnilya hill should be producing at years end or the beginning of 2008 and production will get closer to the 20000 t target or by then already surpassed this figure.
Plenty of upside from exploration of the new tenements and more mines opening in 2008 imho.
All in all a great future ahead for Mincor and with the can do management approach of the Mincor team, I can see these projects getting succesfully executed.
And I have to admit that I have topped up on MCR once again.
Good luck to all
jojo
MCR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
