The reason MCR hasn't risen strongly is not because the Ni prices are heading lower, it's because the stock is still largely unknown by the market. MCR needs to do more road-shows, more presentations and they need to continue to out-perform.
This is the beginning of bigger things. $3 is a given from here. Substantially higher than that is entirely possible.
I also concur with your thoughts on Ni....it's high right now, but it's likely to go significantly higher. Stocks are virtually non-existant and new supply is limited. Demand is strong. You do the math.
Krazy1
MCR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held