MCR mincor resources nl

Seems like a couple of main sellers have an edless supply around...

  1. 225 Posts.
    Seems like a couple of main sellers have an edless supply around the $2 mark.
    Surely with these volumes this must dry up shortly.
    Predicting operating surplus of 44 mill for this quarter based on 3600 tons and unhedged nickel @$14.5 exchange rate 77.5
    Gives a cool $82 mill for the half compared to previous full year of $69 mill.
    Allow $20 m for depreciation exploration etc and 28% tax we have a half year profit of $44 mill.
    Look foward to reduced hedging after December increased pdn when Carnilya comes in (why dont they just start now- the nickel on the way will pay for development) and then some results from regional exploration.
    Foward pe under 5 and pentyof blue sky shes gotta be worth $3 sooner or later
 
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