I thought MCR did well today considering the hammering given to nickel stocks in general.
With this latest deal I now have to agree with those looking for $5 relatively short term. Seems justified to me once investors/analysts crunch the numbers AND resume apetite for nickel stocks.
Looks set for very long life 20+kt pa mining imho. Doubt Moore's ambition sated at that. Moore being very disciplined in aquisition costs. Curious however to understand how KMM have come to sell at such a reasonable price.
EL
MCR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
