MCR
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0.00% $1.39 mincor resources nl

Yes you've already discovered the trick with this stock-can the...

  1. miningnut
    10,464 Posts.
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    12/01/03
    17:11
    Post #: 105332
    Yes you've already discovered the trick with this stock-can the mine lives be extended? Nickel ore bodies are not easy to find-the second of MCR's mines,Wannaway is due to close within six months,once that happens all the admin costs will be borne by Miitel which probably only has 18 months life left in it & MCR is currently 75% hedged at $A11k/t until Sep03 so aren't currently reaping a great deal of benefit from the current nickel price.If there is no exploration success from MCR in the next six months then the current shareprice will drop back IMHO.
    MCR Price at posting: 0.0¢ Sentiment: LT Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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