I think the estimate of 15-20c net cashflow after this year is optimistic-even though they've stated that Redross will be economic to mine I have not yet seen a decision to develop it as yet.They are also spending big money on exploration this FY which they have to. Talented management with small HO costs but current market cap. is looking a bit overdone IMHO. Correction to my previous post-I do not hold any shares in MCR at the moment.
MCR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held