Thanks Jmy
I had a read through the SB report and apart from OXR (at 55%) MRE had the biggest uplift in estimated profit (by 52%) of any of the major miners.
The assumptions are still quite conservative for the Ni price in 2006 & 2007 and there was no adjustment for 2008 onwards which may allow for further upgrades.
MRE is now SB's preferred Ni play and looks dirt cheap next to JBM.
I wish I was available to buy stock at $2.18 today at basically a PE of 4 based on 2006 earnings.
There may be some useful buying opportunities ahead on MRE if the market loses its head.
Regards Eos
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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 |
View Market Depth
| Last trade - 15.58pm 15/09/2025 (20 minute delay) ? |
| MRE (ASX) Chart |