Jojo,
Like you, I like MCR and it's production NOW. I also like it with a view that Moore is unlikely to stop at 20 or even 25 kt pa, although perhaps the next move will be in another commodity in another district. We know that the cashflow will get paid in divi's or invested very well in new mines with quick payout. That's the track record.
MCR looks pretty cheap on most measures imo vs what Norilsk and Xstrata prepared to pay for LIM.
Not so sure about JBM.
Regardless I"ll watch market reaction to pon coming off the boil, before taking any further action. Looks to go under 20usd/lb quite soon imo.
EL
LIM
lionore mining international limited.
jbm the new lim perhaps .. jojo, page-7
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)