You really do have to wonder, DO some of these dumb MRE sellers realise that nickel is trading at US$8.30 - 8.50/lb. Yes, the price has gone up and down a few cents over the last few weeks, but the fact remains MRE is making more than US$3.00/lb profit. ie US$6,600/ton (AUD$8000/ton) With production at 30,000 tons pa and a 60% share of the profits, MRE shareholders are looking at $140 million PROFIT pa.
MRE Price at posting:
86.5¢ Sentiment: Buy Disclosure: Held
