On my best calculations, gold profit is a long way off.
MCR is currently using cash reserves to fund its gold plans.
Their nickel operation will only recommence when the nickel price gets to the economic viability level.
In the mean time, we hope that the gold price and the ni price improve and underpin the MCR share price and its future.
M1
Ann: Commencement of Gold Exploration in North Kambalda-MCR.AX, page-5
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