myself also Prhb ..... I have to admit - i'm crap at forecasting...

myself also Prhb .....

I have to admit - i'm crap at forecasting short term directions of stocks. !

It is however, rather rare to find a resource company with a "B" (arguably B+) grade asset, management that has rewarded shareholders with divvies and share buy-backs, that has organic growth (subject to commodity price!!) and that is funded. At present - one is paying 10m +/- for this "call option" ......

in a crap year - MCR doesn't generate any cash
in an ordinary year - MCR generates 20-40m in c/flow
in a great year - MCR generates > 80m in c/flow .....

I really like the odds that at some point over the next 2 years .......MCR will generate at least "some cash" .........

multiples on the upside
maybe 10-20% on the downside ....

http://www.google.com.au/url?sa=t&r...7Aq8Ypo63qincuIrsrZNgg&bvm=bv.109332125,d.dGo

and

http://www.hellenicshippingnews.com/chinas-nickel-smelters-agree-20-production-cut-for-2016/

kind of shows how "dire" the ferro-nickel plants are finding it at present. This suggests that its is waaaay cheaper to buy refined product off the LME than actually produce the stuff .......Should mean revert over the next 2-4 months (imho .......plus/minus on timelines - china "new year").

anyways - that's how im viewing little Mincor at present !

kind regards
Value_Hunter