Don't know where nickel price is going but feel it should continue to rise in short term future. Around $20,000 a ton seems to be historical top, around there substitution has taken over in the past for stainless steel production. EV are a new catalyst so could go higher this time.
Yes nickel price rise is good for any producer, MCR is nearly a producer again, that the catalyst I like the most. Patiently waiting for a drilling report at the moment. After that first ore shipment.
I've traded MCR on and off for 20 years. I like it because I've known it for so long and made some good money from it. I don't invest in stocks these days, lost to much money that way. Now I mostly short term trade, take the profit and run. If I'm still confident of price rise after selling I'll wait for a pullback and buy again or play the short term price range. Smaller profits but more consistent.
MCR Price at posting:
$1.25 Sentiment: None Disclosure: Held
