with all the cost cutting changes made by PJ the C1 costs are now signifcantly lower than the sale price for nickel, some 20% lower.
production is doing very well, infact minara employees picked up a fat gold bonus for august.
to build same type of plant u would need a minimum of 2.5 billion, just look at sherrit.com and what they are doing in Ambatovy,Madagascar - 4 plus billion to build exact same type of process / plant. minara market cap only about 467 million now.
glencore have not stopped buying. a plus really that they have confidence minara is here for long haul.
nickel price is stabilising and will go higher for sure, china and india will continue growing for sure.
MRE Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
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