Nickel rebound hopes fade for Mincor

Conditions for the base metal have worsened in recent months, putting the junior miner in a difficult position.

Mincor, a junior nickel miner that operates in the Kambalda deposits in Western Australia, has spiked since our initial “buy” recommendation late last year.

Shares in the company have soared as much as 34 per cent to 75 cents, elevated by outstanding exploration results, strong production and apparently bullish conditions for nickel.

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