Right now MCR is a gold stock that comes with a nickel credit. It is getting a re-rate because there is an increased probability of a short term cash flow derived from gold production. Going on a roadshow also helps sentiment. It's clear that management are focused on actively securing a new cashflow rather waiting (and waiting) for a step change in the nickel price. The area is rich with infrastructure, skilled operators AND GOLD. Smart money is moving in.
MCR Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held