"Minara Resources Limited advises that it expects the revenue from operations will be approximately A$446.1 million with an after tax profit of approximately A$48.5 million for the year ending 31 December 2009. These results are yet to be finalised and remain subject to auditor review and Board approval"
A good result considering that the price of nickel in Feb- Mar 09 was only US$4.30- $4.50/lb.
With nickel now at US$9.20/lb we can expect a very good result going forward.
MRE Price at posting:
72.5¢ Sentiment: Buy Disclosure: Held
