Management are confident that at least 8,000 tonnes of nickel will be produced in the 2Q even with the shut.
The average price of nickel for the 2Q so far is more than US$18,800 a ton with costs in the range of $3.50 to $3.70 per pound (say US$8,000).
If this continues, profit for 2Q will be:
8,000 tonnes X 60% (MRE equity) X US$10,800 net profit per tonne X 100/74 conversion into $A = A$70.05 Million.
Think about what the profit will be in a good quarter / year and one must ask how long can the current share price remain this low.
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Last
$1.98 |
Change
0.000(0.00%) |
Mkt cap ! $299.8M | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.97 | $450.3K | 228.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 471332 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 17582 | 2 |
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| Last trade - 15.58pm 15/09/2025 (20 minute delay) ? |
| MRE (ASX) Chart |