MCR 0.00% $1.39 mincor resources nl

The report is not as bad as all that's made out, on target...

  1. 647 Posts.
    The report is not as bad as all that's made out, on target 10,000 tons this year, nickel around $21,500, a ton still ( hedged funds will water that down), so hopefully will earn 10c a share and pay around 3c a dividend.

    And still earn 20c next year, on an 80c share would be awesome!

    At least they are being honest about it now, you can't predict old mine conditions. It could be far worse, mine collapse and people killed!

    The ace up their sleeve is the sale of TYC, which could bring them 6 to 10 million cash depending on the sale price.

    And like IGO, JBM will find a lot more NICKEL!

    And who dumped AMP? twice they have done this and killed the price, twice have brought around an excellent buying opportunity! Could this be 3rd time lucky?

    Regards from the one eyed Nickel head


 
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