fair value

I've been watching PAN and MCR for the last 9 months. I thought MCR was the slightly better buy but the numbers speak for themselves and PAN has performed better to date. Based on a reasonable estimate of fair value I think PAN has arrived. Using a reasonable long term nickel price PAN is worth around $2.40 so I'm out.

In March, i'd never have imagined PAN would reach fair value just 3 months later!

I still think MCR has a 50% gain left in it.

Thanks to Pattyp who really helped clarify my thinking on both PAN and MCR. We ended up disagreeing on which was the better investment (he insisted on PAN, I thought the numbers said MCR). It's clear that, so far, he's right and I'm wrong.