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An Investment In Mincor Resources Today Would Pay For Itself In 2 Years
- Mincor Resources share price has fallen 20+% over the last month and 5% this year - the biggest decline among any of its peers.
- Although its reserve life is relatively short, MCR has one of the longest resource lives, at 14 years. And at present nickel prices, it is generating strong cash flow.
- Mincor will generate enough cash over the next 2 years to exceed its current enterprise value - and possibly even faster.
- An investor buying shares in Mincor today would have a cash payback period of around 2 years under presently expected nickel prices, less under a bullish scenario.
- A Form 605 was filed on the Australian Stock Exchange, indicating continued selling by an investment fund.
- This pressure comes on top of uncertainties regarding the future of toll processing.
- Thesis changed; we will not buy back in until fund selling subsides.
Mincor Resources: Volatility Provides Another Entry Point
- Mincor Resources' share price has dropped in recent weeks.
- Operational and financial news releases have been positive, and the nickel price has been holding up.
- The drop in share price appears to be an over-reaction to perceived external factors.
Mincor Resources: Still Potential For Second-Comers
- Nickel prices are rallying, and so are nickel miners.
- Mincor Resources has gained 70% since our recommendation.
- This rally still has legs and we see considerable remaining upside from current levels.
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MCRZF vs. ETF Alternatives
Mincor Resources NL is a nickel mining Company listed on the Australian Stock Exchange. The Company is debt-free with an exceptionally strong balance sheet and has paid regular fully-franked dividends since 2003.
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