That is a good point Coopes - While the Ni price has held up well since about late July, it hasn't done so well once converted to Aussie dollars. I'd like to have a time series of the Ni price vs USD/AUD. I think we'd see the Ni price in AUD has come down in the last few months. Kinda frustrating to hear each morning that the price of commodities are going up but realising that they really aren't.
The probably not so perfect modeling that I do shows MCR to be fairly priced at the current level of production and Ni price in AUD. I was looking for some cash to pick up some more yesterday when it dipped down to about $2.10, but alas, I couldn't find any!
MCR is one of my favourites and I'm looking to cycle more money into it over the coming months if conditions hold. The next big jump in price will most likely be when they announce that they have recommenced mining at Miitel. I hope I'm at my full holding when that happens.
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