MCR 0.00% $1.39 mincor resources nl

capping and accumulation, page-13

  1. 2,399 Posts.
    lightbulb Created with Sketch. 521
    With Nickel back over $11 per pound, Mincor will be flying (although currency has moved against us somewhat).

    Based on prior track form, I am guessing that somewhere in this price vicinity they will hedge a bit of production - in case prices fall again.

    Maybe this time is different though, as the Nickel price appreciation is as much about the USA printing more money as it is about market expectations of improving conditions.

    Well managed company, and about a month till they give us a drilling update on the potential to join Mittel and the other resource together into a single ore body.
    Here's hoping, as a joined body would have to improve the efficiency of trucking the ore out - as it would provide multiple outlets.
 
watchlist Created with Sketch. Add MCR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.