how low will it go, page-28

Yes PJ will say everything and anything to ramp up this dog.
Just like the major shutdown last year that eliminated all the legacy issues in the plant.
Just like the production targets for Ni that keep getting adjusted all the time.
Understand one simple fact.
MRE is a 4th quartile cost producer.
Ni price falls hurt them the most.
Ni price rises help them the least.
That isn't a statement saying they are going broke.
But MRE is hurting badly and the shareprice is relecting this very well.
With no dividend and no prospect of one for the foreseable future one must rely on LME stocks and prices trends to divine where they think MRE will go.