MCR mincor resources nl

Is my figuring.Costs cut/close higher cost minesWell managedDebt...

  1. 5,289 Posts.
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    Is my figuring.

    Costs cut/close higher cost mines
    Well managed
    Debt free
    Cash on hand
    Very Low current PER
    Nickel Price has been desimated, yes could go lower.
    Though when economy stabilzers & recovers this will too. Sold down from $5 to 50 cents lol

    Wait for 40-50 cents not sure about that ( i have been wrong about many things in his market eg who would have though RIO would drop from $170 to $30 or WPL $70 to $28 or Oil $150 to $44 a barrel

    All I now beleive is the devastating price drop in MCR (90%) is likely to have been completed. i do;t see another 30% more
 
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