If you look at their current play it shows some hints as to the SP increase. The focus on using gold to keep the company alive and in the market would be one factor which helps reduce risk something which other primary nickel providers have not done or don't have the ability.
This strategy will also help the company survive the downturn in nickel price for the short to medium terms, while others may be force to on sell under performing or non productive mines to survive. MCR can withstand the down turn without major effect on long term operations and possible pick up some heavily devalued mines.
The company is less risk exposed than competing firms and would be able to increase production when prices return to more acceptable levels in a far better time frame.
If the words lithium are mentioned in any report in the next month this will explode as with every company that seeks to be lithium centered at the moment.........I doubt we will have the luck of lithium aswell
MCR Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held