cost of building MRE's mine is $2 billion
the company is valued at $600 million
its seems logical that we invest now for the better business conditions to come around.
buy along a time line, average out your price, and enjoy the benefits of margin calls, and forced selling from investors.
Don't put yourself into a position where you are forced to sell, and long term i don't see why we shouldn't come out on top when operating conditions improve.
Mining is cyclical... and the busts generally happen faster than than the booms, but the patient will be rewarding.
i feel for the people who lost out big time on this one. but we have an opportunity to enter into a nickel producer at a price that has fallen off a cliff.
- Forums
- ASX - By Stock
- MRE
- cost of mine plan 2 billion
cost of mine plan 2 billion
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online