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96.5¢ mincor resources nl

Is MCR undervalued, page-27

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pgrace

3,878 Posts.

62

19/08/15

21:13

Post #: 15838304
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Originally posted by tomboy ↑

Are you kidding?

of course MCR is undervalued, 117M is cheap for a no debt ni producer with dividends. I was buying at 97c n 60cc! Now averaged down, my brokers at macquarie had a TP for MCR SP at $1.55, so NP is lower but MCR cash at bank grows, its valued 1-2 to cash at bank to dec, only worse ratio to that is MBN & AGO at 1-1 valued around the same MC.

So if jason stevenson of the resource speculator is right with a NP rocketing to 9.00 by dec starting in june then to 15.0 in 2016 then MCR SP should rocket a 3 bagger+ from here.

Thats not me talking, thats what stevenson believes, he cited MCR in his N2 Eclipse event as spiking 500% to 07 and as a pure play ni producer may do better this time. So I own shares n collect dividends n wait.

MCR still trades even at low NP unlike some that have shut or baulked like AGO POS. So great job to management to produce with profit n dividends at 6 year low NP. What will happen if NP jumps if stevenson is right? Macquarie says $1.55 I say higher.

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MCR Price at posting: 30.0¢ Sentiment: Buy Disclosure: Not Held
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