Before you get "your knickers in a knot" have a look at the LME...

Before you get "your knickers in a knot" have a look at the LME nickel stocks. Nobody seems to realise that Ni stock are flying out the door. Every day lately nickel stocks continue to decline. Now under 140,000 tons.
Today
Nickel 139962 -912

If the Ni stocks decline at this rate for a few more weeks we'll see the nickel price start in an upward trend.

The fact is, even with at nickel at US$9.60/lb and the AUD at US$82 - 86cents, MRE is making good money.

Hopefully MRE management will put the heap leaching on the "back burner" with Rudd's super tax and pay long suffering shareholders a dividend.