starting to run 61c going -re: why is it so cheap?
Strong quarterly production of 2,900 tonnes nickel in concentrate – up 80% on previous quarter. Record quarterly operating surplus of $17.7 million, on record quarterly revenues of $34.7 million. December 31st net working capital position: $15.5 million. Mincor’s third mine, Redross, continues successful production ramp-up. Mincor’s fourth mine, Mariners, becomes operational in early January 2005. Exploration success south of Miitel, follow-up drilling underway. Major nickel and gold exploration drilling programme commencing with 3 drill rigs. Mine-site accommodation village under construction.
MCR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held