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0.00% $1.39 mincor resources nl

Agree with bubby- the nickel price is now over $A 19000 which...

  1. pangloss
    68 Posts.
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    25/11/14
    15:53
    Post #: 14349655
    Agree with bubby- the nickel price is now over $A 19000 which should give mcr a very positive cash flow . If they could trim their capex it would be even better.Their average price for the sept. qtr. was $A 18599 and they had a positive cash flow . If this Ni. price holds then things are looking good. As far as supply goes the LME can be deceptive and the best indicator of supply / demand is price .
    MCR Price at posting: 56.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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