Agreed - really solid cashflow, low costs and IMO a low PE...

Agreed - really solid cashflow, low costs and IMO a low PE miltiple. The only worries are nickel being unpredictable and rising AUD:USD. I am happy to hold MRE. Also, I find the reports really interesting.

I don't see any real trend in the 30 or 60 day nickel charts though, just instability. 6 month, 1 year, 5 year charts all show a fair uptrend.

I for one would be content with nickel prices stabalizing at this point $10-11/lb for the 12 months. If they rise further, awesome. If it falls then hopefully it can stay above $7-8/lb.

If global news is ok over the next 12 months we may see $12-15/lb, and our costs are just $5/lb.