brave mcr shareholders - i salute you!!

MCR shareholders. I am proud that you are standing firm while your SP is getting smashed. MCR is at a bottom for good reasons;

1. The ongoing costs of mining nickel are going up through the roof. At $8.68 per pound (last quarterly cashflow), that is pretty steep. High mining costs are also a theme for PAN and MRE too but MCR is the worst.

2. The March cashflow report's revenue had good conditions for US dollar nickel prices from December 31 to March 31 2011. Since December 31, Nickel prices have hardly moved - (in US dollars), but the Aussie dollar is now about 8% higher than on December 31.

Can't wait for the June cashflow report!! MCR shareholders are lucky they have about 48 cents per share value in cash. But after paying worker termination packages and mine closure costs, do you still have this cash.

Hope MCR can mine some really good grades of nickel soon!! So far all promises, no delivery!