Obviously you know this Eos, but for others I would like to point out that these broker estimates are very heavily dependent on what numbers you stick in for future nickel prices. Most analysts think that nickel will stay at these levels for a few months, and then drop by 25% or so in the medium term.
I think the analysts are reading too much into theoretical models. Price headwinds such as substitution may not occur. Engineering standards are very slow to move, and no one is going to risk substituting a cheaper grade of stainless steel to cut costs (except in developing countries). I would not be surprised to see nickel price jumping again, in wich case MRE's valuation is anybody's guess.
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Last
$2.00 |
Change
-0.005(0.25%) |
Mkt cap ! $302.0M |
Open | High | Low | Value | Volume |
$2.00 | $2.00 | $1.99 | $645.6K | 323.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8587 | $1.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.00 | 27503 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8587 | 1.990 |
5 | 52378 | 1.985 |
8 | 44201 | 1.980 |
2 | 22500 | 1.975 |
2 | 17500 | 1.970 |
Price($) | Vol. | No. |
---|---|---|
1.995 | 27503 | 3 |
2.000 | 152000 | 8 |
2.010 | 195000 | 6 |
2.020 | 90000 | 3 |
2.030 | 76000 | 3 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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