MRE is truly and well palced for higer gains in coming days.
It has ticked all the boxes........see below
I have been saying same since long time
1. debt free 2. 247 Mliion cash 3. Nickel and cobalt prices are getting improve day by day 4. with my calculation the profit should be more than 200 Million with current nickel and cobalt price. 5. they have announced 50 million profit guidanace last week. 6. Nikcel was only in range of 4 to 5 dollar in last februaru and march. 6. last year nickel was average 7 or less per lb 7. This yeat nickel will be 9 dollars and above with world recovering from recession. 8. Last year, they have produced 30 K nickel only and with good quantity of cobalt ans Mre predicting same or more for 2010.
and share price only 75 cents........ Just a joke....
MRE Price at posting:
75.0¢ Sentiment: LT Buy Disclosure: Held
