Fourth QTR 2014 results and figures due in the coming weeks, announcements from PAn and WSA outstanding and i think MCR will follow suit.
MCR has no debt and $57M cash and makes profits and issues dividends and its production and income at current NI spot prices must be higher for this QTR. Last 3QTR NIspot av was $7,20USpd this QTR4 it is around $8.30USpd so up 18%. MCR sells NI on spot prices no hedging so this will boost their income and profits up by 35% more i predict. When the 3QTR results came int he the SP jumped 82c - 98c and hit 98c three times and back down to 82c. Very low volume is hurting this stock but it is cheaper than WSA and PAN by miles and has not increased its MC 250-350% like WSA and PAN since last year. MCR has moved 50c-85c of a mere 70% and cant seem to break out past $1 currently. It should be around $1.50 based on the income, PE ratios and profits as well as the comparison to WSA and PAN.
I hope that the recent explorations will yield results soon and the 4QTR results will be a big surprise to the upside, if it cant break $1 then and the NI price dives im out. MCR is a hidden gem ignored by the traders right now uunlike the likes of most other Nickel stocks but that may change soon.
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