Satvin,
Grade rules OK?
At current prices WSA likely to earn perhaps 4x per lb of nickel mined as MCR. MCR's margins are looking pretty razor thin atm once you include either D&A or ongoing E&D costs.
I think MCR is extremely well managed, and Moore does a great job, but until the poo turns MCR looks a risky investment. I am concerned enough about my IGO investment, although they may have up to A$2/lb payable advantage over MCR at the EBIT level imho.
Nickel seems to remain soo cyclical, but MCR will be a knockout investment if and when pon turns up substantially.
EL
- Forums
- ASX - By Stock
- MCR
- todays close
todays close, page-7
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review