If you are right MCR will be breaching ASX law. I have been comparing 2 month graph of Share price v nickel price. VERY SIMILAR. What I can't understand. I made a very rough study of the nickel price in yr.2010 to 2011 av. $11.3 per 1b. MCR made lost of $23.4m. last yr. av. nickel price $8.5, MCR made $.24m We certainly have a very good CEO. The nickel price is back to about last yrs. av. Therefor if my calc. is right, every $1 rise will give us conservatively an extra $18m profit. Any gold find will be bonus.
MCR Price at posting:
92.0¢ Sentiment: Hold Disclosure: Held
