If the nickel price is below 20k for a couple of months mre will be out of business. I would say that they should be announcing now that production is unprofitable and not to make an announcement would be in breach of asx rules.
To my understanding mre cash cost is $7 to $8 per pound.
barclays buy for profit, page-5
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Last
$1.97 |
Change
-0.005(0.25%) |
Mkt cap ! $298.2M | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.97 | $283.0K | 143.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 164983 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 30764 | 3 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| MRE (ASX) Chart |