breakout soon

Three double tops on this stock at 95-98c, yet it is still not collapsing back to 80c which is a bullish sign for a breakout past $1.30 to the level it saw 2 years ago when the nickel price traded at around $8.60US/pd. In fact it was higher than this even. The low volume shows no one is selling other than traders who were in 50-70c this year. If one looks at the other Nickel stocks, such as wsa and pan, all have broken through 2 year highs in the last 2 months and doubled or tripled from their lows except MCR.

MCR is likely to follow suit in July/August once they announce larger income and profits from the 45% higher spot nickel prices they received this quarter. Estimate $2M -4M higher income/profit than projected at current spot prices. MCR has no debt and $51M cash and large prospects and sells ore on spot pricing. The market has completely ignored this stock as a nickel play but soon that will change.

Those short sighted who sell at these prices (likely the small traders at 100,000 shares who bought at 50-70c and selling at 90c) for a meagre profit, will regret their decision to sell. Barely any sellers around in this stock and once the volume picks up watch out.