goro and ravensthorpe delayed....
It would be good if MRE could delay the planned late 2007 shutdown to maximize production during the Ni squeeze (if it could be done without risk to OH&S and plant equipment).
At 7:30 am CST, indications were nickel was selling up at $.44/lb (nearly 1/3 of LME stored nickel is cancelled warrants, with news in last few days that two mega mines, Goro and Ravensthorpe, expected to start producing nickel next year, won't until at least 2008, is making traders nervous. This will cause forecast deficits next year to widen.)
MRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held