MCR - Time for the bottom drawer!

[tricha]

page 9 picture shows Mincors profit right now would tracking along very nicely, at about $8.50 a ilb Oz


http://www.stocknessmonster.com/news...E=ASX&N=699451

not only is Mincor tracking along very nicely with 50 million in the bank and no debt.
Reserve upgrade is looking very promising.

http://www.stocknessmonster.com/news...E=ASX&N=697220

[macduffy]

not only is Mincor tracking along very nicely with 50 million in the bank and no debt.
Reserve upgrade is looking very promising.

http://www.stocknessmonster.com/news...E=ASX&N=697220

Not quite a reserve upgrade, tricha, but good news nevertheless.

The reserves and resources numbers are those first announced on 18 August 2014 - and as at June 2014. The good news is that the latest discovery "could underpin a resources upgrade for the northern extension of the Miitel Mine."

Cheers

[okay]

I see those LME Nickel warehouse stock levels continue to rise. Put on another little spurt up to 373k today

The above quote was 15 Oct 2014.
Latest LME nickel stockpile 398 064 tonnes. Up over 7500 tonnes in the last week.

[David Hardman]

The above quote was 15 Oct 2014.
Latest LME nickel stockpile 398 064 tonnes. Up over 7500 tonnes in the last week.

Interesting take on how relevant/important the LME stocks piles are.

http://aheadoftheherd.com/Newsletter...n-The-Door.htm

[macduffy]

Thanks, David.

If that analysis is anywhere near the mark it makes a strong case for investing in the Aussie Ni miners such as MCR, PAN etc!

[h2so4]

Interesting take on how relevant/important the LME stocks piles are.

http://aheadoftheherd.com/Newsletter...n-The-Door.htm

Oh that's a lovely photo of (Ricky).

[stevo1]

MCR still showing weakness.Have now bought 1/2 of what I want but frankly it is a bit of a worry to see the SP still slumping .Now will sit on my hands until sp recovers.I dont like buying on a downtrend.

[Huang Chung]

Western Areas went through a competitive tender process and opted to continue to send their concentrate overseas.

http://stocknessmonster.com/news-ite...E=ASX&N=701566

[gazprom1]

Nickel up 3% overnight and yet LME stockpiles of nickel continue to grow. MCR's SP pretty static to down but IMO just a reflection of the sentiment of the market. Dividend yield at 7.5%. PAN's SP in comparison has been badly beaten up.

Gaz

[Daytr]

Couple of comments.
I think these guys are good honest operators, however they don't promote themselves well enough compared to the likes of PAN.
I was looking at both PAN & MCR weighing up which is the better investment. They both actually stack up quite well.
MCR lower cost producer, but only produce 10k tons a year.
PAN double the production at higher cost. MCR has the reserve & resource base to be producing more & I think this is where they don't get as much bang for their buck in a rise in the Ni price compared to PAN for example.
I'll be patient, on either & happy to miss the boat, but PAN is up 8% today & I would rather wait until it settles before taking a position.