Hi everyone,
As I said earlier I expect the 3 Qtr results to be around the $50 million in profit, which would be a new record for MCR.
But looking at where the Nickel price is going for the 4Qtr we could be breaking again this current record.
Remember the 3 Qtr results are with an average Nickel price of US$19/lb
The 4 Qtr average Ni price looks to be around at least US$22 so far....
Nickel April 13,08:41
Bid/Ask 23.3354 - 23.4715
Change +0.9677 +4.33%
Low/High 22.3678 - 23.471
Just remember these high prices will stay with us imho for at least another 10 months and probably longer.
Good luck
jojo
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