They have made many improvements to the operation this year.
- Added a second flash vessel - Added a sixth autoclave - In-pit tailings for cost reduction. - Bardoc Nickel Project drill planning. - Marshall Pool (Mt Margaret) metallurgical and economic viability studies. - Mt Lucky tenements acquisition, I guess for cost reduction of inputs in the future. In their own words "Mt Lucky [...] will enable the company to process additional nickel-sulphide feeds".
And there were 2 outages in the year...one planned and one unplanned. That would have taken some time to manage.
It seems to me they've made a fair amount of progress in terms of future planning.
Then there is the strong cash flow and capital return, it's not future planning but something to be happy about...
MRE Price at posting:
76.5¢ Sentiment: Buy Disclosure: Held