It all boils down to the Quarter Results. A 2KT in Nickel Content Production this quarter will be a good result IMO. The good thing is , MCR grades average around 3% which is about 2.5 Times the grade of Panoramic. MCR has several fronts to mine with Cassini and Northern operations. 100kt plus mined ore a quarter easily achievable. Eventually when We will be mining all fronts including Golden Mile, it will be 150Kt/Quarter at 3% grade easily achieve 16KT/Annum. MCR directly deliver high grade ore to BHP eliminating Overheads such as shipping concentrates overseas(Costly). This quarter report will be a catalyst, I hope its good. Cheers CCD
MCR Price at posting:
$1.63 Sentiment: Buy Disclosure: Held