target price by end of 2007, page-3

Well klvnwng,

You ask what is our opinion of the MRE sp at the end of 2007, or Christmas 2007.

First I have to warn you that I projected $7 by Christmas 2006 and that didn't eventuate so my track record is somewhat shaky.

The VALUE of MRE on current output and planned expansion this year, if what is on the grapevine proves true, should be between $8.00 and $9.00 a share.

Eos might disagree and put something higher on it as he is far more optimistic about MRE's - and nickel's - prospects.

My "finger in the air" estimate is contingent upon the price of nickel being maintained at around $38K a tonne as we are tipped to have a nickel shortage into 2008; and no sharp reversals of the stockmarket.

However, Mr Alan Greenspan - who somewhat resembles a mummified, though kindly, scrotum with spectacles - has said that the US economy is highly likely to experience a recession towards the end of this year.

And whereas Alan is one rich and clever scrotum, Lunchalot is one poor and stupid investor.

By that Alan signals to me that I might be barking in the dark.

'arf, 'arf.

(Sir) Lunchalot
Scoffer Extraordinairre
Caveat: Lunchalot holds - and continues to hold MRE.