MCR chart, page-61

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redbackrules

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23/01/20

12:03

Post #: 42534985
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Originally posted by beachtrade ↑

Not so sure Redbackrules.
I like the fact that mcr don't have to run a processing plant. Nickel west would not have signed an agreement for supply if they didn't want it.
600,000 tones a year at 4% is big. Let's say the recovery is only 3%. That's 18,000 tonnes of Nickel at $20k Aus is $360 million.
Long which is shovel ready produced at the low $4's and i would expect Cassini to be about the same and maybe better.
So if the price of Nickel is about $9 Aus and the cost is half that then it is pretty easy to conclude that Mincor could be spinning off $180 million Aus.
I feel that they may even have ore before the end of the year with Long.
Even if i am half right then Mincor has a bright upside.
Sure Pos has processing plants but they have no ore to process which makes them worthless.
Just my thoughts.
Cheers

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Beach
At current nickel price POS is worthless, totally agree.
Nickel West wants to run their processing plants at near capacity, totally agree.
MCR do not have a concentrator or smelter so they are shipping ore. Beware how you price the value of the nickel contained in the ore. "Spinning off $180m/yr", totally disagree.

Nevertheless MCR has a bright future if Nickel prices are sustained above $US15,000/t.
But then again, so will all Nickel stocks - Risk/Reward.
RED

Last edited by redbackrules: 23/01/20

MCR Price at posting: 71.8¢ Sentiment: Hold Disclosure: Held
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MCR chart, page-61

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