I dont think so, at least not until either they find the USNOB or one of the other commodity prospects is provided up. I say this mainly because of the nickel offtake arrangements. Why would the Chinese buy into a company which sells all of its product to BHP?
On the other hand, MCR would be a very attractive target for a company which is looking to put together a diversified new mining house and wants exposure to Nickel and the benefit of a very talented geological team.
As I have posted on the SLR board, I would love to see MCR and SLR put together. Their respective stories and cultures are eerily similar and they are culturally and geographically very complementary.
MCR Price at posting:
$2.89 Sentiment: Hold Disclosure: Held
