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yes but australian nickle price then was 19000 dollars a tonne and all the nickle stocks have dropped from those heady times . i made a packet on mcr jbm igo and mre . i am now back into mcr at .58 and igo at 1.15 and i am in mre at an average 1.85 after the capital return so i am square on mcr and up igo but underwater on mre but a company with nil debt 100 million in the bank and 100 million profit a year on a pe of 5 is a reasonable bet to head north once things settle down .wrongway