Back of the envelope stuff here.$45million free cash flow per...

Back of the envelope stuff here.

$45million free cash flow per quarter = $180 million per year.

not sure how that equates to eps, or npat, but call it earnings if you will.

$180 million / 1.2 billion shares = 15 cents per share cash flow positive.

call it earnings--gives p/e of 5.2 at 78c.

the company is sitting on 250 million in cash worth 21c per share so resumption of dividend or other value adding investments are a possibility.

nickel prices looking to crack 9 bucks a lb.

someone tell me if i'm missing something here....mre is looking good!