Chart - MCR, page-36

First 36 Last

Share
Profile

Follow
churchbat

939 Posts.

88

21/06/21

08:04

Post #: 53956637
Share

Originally posted by beachtrade ↑

Not sure what your motives for posting on a stock you don't own is, but I was flattered with your "boyz" comment as it made me feel young. I suggest you will be paying far more for Mincor by waiting for the mining to start. I first bought this stock in 2003 and traded it from 20c all the way to $3.86 missing the top at $5.10. I still held some and reaped the benefit of the $250 million in dividends paid to shareholders. The nickel price dropped and the rest is history.
I bought back in at the start of the gold mining at 19c and sold some at the end of that. As the nickel thing started to fire I have added and taken part in all the capital raisings and am now very over weight and am happy as I know this stock will fly. So I am not a new to this stock.
You suggest we build our own processing when we have a very good deal with a specialist processer in nickel west. Do you really think we could do better on our own when they want our ore. That contract can be extended and increased so 16kt a year may well grow big time.

The 5 year mine plan is just the start and I would expect it to run for as long as nickel is at a good price. I am happy with nickel sitting where it is at $10.50 which is a dollar higher already from the PFS. Considering that they are about to drill the "golden mile" which is 1.1km's of ground between two very productive mines that were headed towards each other tells me that there is nickel there for sure. Those two mines produced 818kt of nickel. They already have drill results outside the reserve cut off with some exceptional results like 17mt at 5% and one even at 16% with some at 11%. As they drill these up and increase the reserves the PFS plan could well go to 16kt (or more) for a decade. With an already low production cost of $3 this will make it go lower as the mine is already dug. The long and Otter Juan mines are also already dug so production costs there will be very low as well.

Add in Cassini North, Juno, nickel oxide and gold rights and there really is a lot of blue sky. They are sitting on some of the best nickel ground in the world.
This will move once the drill results start to roll in over coming months. Why is it that MCR hasn't dropped when most other miners have when we are so far from production. They bare being bought up big time.

Have a great weekend all.

Expand

Best run company on the ASX
I have also held from 27 cents
It will see the highs of 5.10 again
Patience is the game

MCR Price at posting: $1.00 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply