target 2.20 currently 1.37
http://www.mincor.com.au/images/mincor-47--iebie.pdf
September 6, 2006 Mincor Resources NL (ASX: MCR) Outperform Above Average Risk Upgraded to Outperform & A$2.20 target on Booming Nickel Price Event We have upgraded our rating on Mincor to Outperform following substantial increases in RBC’s forecast nickel price, particularly CY07, which rose 33% to US$10.00/lb. We increase our forecast FY07 profit by 72% to A$64m and 86% to A$50m in FY08 as a result of the nickel price changes. Our target is increased from A$1.40 to A$2.20.
MCR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
