Mincor Ponders its Demise
Mincor Resources (MCR:AU) is putting in place a growth platform for the future it may not survive long enough to enjoy. Mincor is a Phase IV company with a declining output profile as its resources are exhausted facing the prospect of costs remaining above its selling price. The PortfolioDirect definition of a Phase IV company can be reviewed here: (VIEW LINK). Despite a historically strong operational and financial track record, Mincor faces the prospect of having to close its two existing mines to await better conditions. Ironically, Mincor will probably retain an investor following as it becomes one of the companies most leveraged to a cyclical improvement in nickel market conditions. A PortfolioDirect rating review for Mincor Resources is available with the most recent weekly PortfolioDirect weekly investment report: (VIEW LINK)
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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