when does mcr gets true value Hi everyone,
Crazy to see that we still are just over the $2 mark at the present time.
Mincor with about 200 million shares and options on the market should have about $100 million cash in the kitty after the last dec Qtr
With the current Nickel price we can expect this to be replenished by another $38 million/Qtr
With earnings of around the 50 cts per share for 2007 we are now looking at a PE of 4!!!!!
How more ridiculous can the price get???
I hope that once the Dec Qtr comes out and confirms my figure of around the $38 million profit , will wake this market up and we get a re-rating towards the $3 or higher.
**Where is the value for Carnilya hill??
**Where is the value for all the new exploration tenements???
** where is the value for the 28800 t/Ni already indentified in the new aquiered tenements??
** Value for the Copper Tungsten and zinc projects??
** Where is the value for the constant high franking dividents this company pays ????
Mincor is still one of the most undervalued nickel producers in the market imho.
Good luck to all holders
jojo
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