If there’s a correction gold may soar and Aussie may tank which both benefit MCR
Will Nickel tank ? I doubt it. China is still expanding and EV is more and more prevalent. Even builders are now offering solar with battery storage solutions. This will be mainstream soon and Nickel Sulphate will soar.
Also, we are in one of history’s biggest global economic expansions where all major economies around the world are firing in unison.
I think 2018 is the year of nickel and MCR can reach half a billion market cap by 2020 ( don’t forget it’s come off from 1 billion). Currently at circa $75m at say 38 c so that’s $2.53 share price
MCR Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held