My sentiment is also sell and wait and see Ni price recovers. If...

My sentiment is also sell and wait and see Ni price recovers. If so this one will fly. Keep my eyes on MCR. But for now it is too risky.

I said a while back, if MCR NEVER pay any dividend since 2001 than cash level would be much higher and sp (with cash backing) will be much high (eg $1.5). Than MCR can use large cash reserve to buy quality mine but under distress when Ni price collapse. MCR paid $133m dividends total & $34m cash out of 188m shares (ie $0.89/share cash backing if never pay dividend).

I invested and sold out with profit and dividend.