~400m cash on a 900m market cap - quite impressive. I wonder how well they'll use the money. They already said they'll use the money to expand, but can anybody guess at specifics?
It'll only be 150m profit if nickel has an average price of $10/lb for the year though. It could easily be between 100m and 300m profit (assuming average nickel price is between $8.50 and $14.50 for the year), quite a broad range. I doubt it'll be under 100m profit though.
MRE Price at posting:
79.0¢ Sentiment: LT Buy Disclosure: Held
