Market Cap of Mincor at around $100m is easily low enough to be a potential takeover target by a bigger Ni player such as Western Areas (MC $640m) or maybe South 32, OZ Mins etc. MCR has excellent Ni resources, drilling results with much more upside. Surprised none of the others has not moved on it. Despite issues with gold production I wouldn't be all that keen to hive it off. It's a great position to be in if a Co can be successful in producing both gold and nickel as they can even out commodity price gyrations and frequently share the same tenements with high grades of gold often being at ultramafic contacts. Vs Beta Hunt and many others. Some potential for lithium as well.
It's a take over target but apparently not recognised as such yet.
MCR Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
