MCR
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0.52% 96.5¢ mincor resources nl

Indo and China did a deal - china's capital ....and indo's ore...

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  1. Value_Hunter
    3,607 Posts.
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    30/09/15
    09:21
    Post #: 16085475
    Indo and China did a deal - china's capital ....and indo's ore ........I do not think China Inc would be very happy "if" the rules of the game" were changed .........

    risk - very low (imho) .....

    imho - MCR is a call option over future Ni prices ....strike is circa 5.20-5.50 / Lb (at fx = 70c) ......at present - paying abt 15m for this "option" .........

    rgds
    V_H
    MCR Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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