brokers starting to upgrade minara

I note that brokers are starting to look at Minara as the most trading leverage nickel miner.

"Significant MRE upgrades are coming and this is the leverage way to play this stainless idea"

"MRE is going to $1.30-$1.45 and that is not a big call"

With nickel trading at US$7.80/lb and sulphur down to $30/ton v $800/ton in the bad old days. Cash costs US$4.99/lb.

We could see a fire under MRE in the next few days or weeks. With 100,000 tons on the LME and all SS producers only holding minimum stocks we could see the stocks drop quickly. The fact that nickel has started to go up may prompt them to start restocking at these cheaper prices rather to wait till it gets to US$10/lb.

Hold tight for the ride.