I think what Chookman was trying to get across was that the Nickel price has increased a lot in the last 6 to 12 months but it has not reflected in MCR's SP, Nickel has gone from sub $4.00 USD to around $5.20 and there are pressures on the supply side. That is a 30% increase but more importantly it puts MCR that much closer to mining again than that ratio indicates.
Sure it will be great when the spot price is $6.20 - $6.50 but I feel confident that for those that dont already hold this stock, the SP will not be $0.30 at that time.
Dont forget that moving to include Gold in the mix that it is mining, is likely to make MCR much more valuable and less likely to be affected by a downturn of its single commodity as it has been.
DYOR but I think this is a very good time to buy into MCR.
Gibonsky
MCR Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held