I think we'll see sub 20c before the price of Nickel recovers.
As a former holder of MCR I still like the company, but at current Ni prices you can't do much to turn a profit. How many miners are currently mining at a loss hoping the price will recover short term? Until these guys quit, or China keeps increasing steel production (unlikely) MCR need to circle the wagons and wait.
Ann: MD's Presentation at AGM, page-11
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