Nickel may be $20m to restart when the time comes but the gold certainly isn't. As has been announced it's a low cost exercise getting gold up and running and plans are certainly to build on and up from here, subject to final steps.
I spoke to MCR today and we can hope to hear further updating on this area of activity shortly. Nickel (price) won't be happening anytime soon by the looks of things, but near term earnings ... and readiness for nickel, from gold, when it does, is clearly the order of the day. We'll hear more on progressive exploration plans too I suspect. With any luck, the loot side of things will be ok.
My own guess about positive share price reaction is we'll see some particularly if/when a favourable review from a respected source or two likes their announced plans. Would be hard to imagine today's announcement could not receive a few ticks from the investment community???
Cheers,
Kip
MCR Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
