I've wavered a bit recently on my long-term view of MCR but then thought about the management's overall record and decided to hold all. I'm sure they all took a pay freeze. Early last month CEO Peter Muccilli outlined the prospects for generating positive cash flow through gold and WHEN nickel bounces back to be able to fund restarts and ramp up production at what seems are potentially excellent mines. The nickel price is beyond their control but suggestions from them are it could be a while. I remain concerned what gold developments could do to the cash reserves but I'm now happier for them to pursue the gold plan. In reality there's no alternative. Could still be in LYC!
MCR Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
