MCR 0.52% 96.5¢ mincor resources nl

Ann: Quarterly Activities Report, page-4

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  1. 2,689 Posts.
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    Nickel stockpiles are still at record high despite such low nickel prices.

    http://www.kitcometals.com/charts/nickel_historical_large.html#lmestocks_5years

    It may take about 2-3 years or more for nickel to recover. I think MCR should raise some cash and look for zinc/lead commodities (high grade projects) and almost ready to mine. So they can come out of this crisis become diversified miner (nickel, zinc and lead). Other companies sp also down very heavy.

    MCR should take advantage of this. Zinc and lead have very few suppliers and may be shortage soon. The largest Century Mine finished their last shipment at end of Dec last year.
 
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