Was/is 2nd largest nickel miner in Australia as far as I know. As big as it is, the problem is that Murrin Murrin is a laterite depsosit with high operating costs (in contrast to Sulphides). When the nickel price plummetted with the global financial crisis then all of a sudden the project wasnt profitable and hence the sp came crashing down. Also, as far as I know, Andrew 'Twiggy' Forest through Anaconda Nickel had the Murrin Murrin deposit when they went bust. This might explain the crash from $85 in 2001 and maybe changed name to Minara. All from the top of my head so not certain. Probably rallying cos oversold and global econoic recovery including the potential increase in nickel price is/was not priced in.
fc
MRE Price at posting:
61.0¢ Sentiment: None Disclosure: Not Held
