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.
cost of building MRE's mine is $2 billionthe company is valued...
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Last
$2.02 |
Change
0.020(1.00%) |
Mkt cap ! $304.3M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.02 | $2.00 | $1.936M | 963.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 647 | $2.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 16364 | 3 |
View Market Depth
| Last trade - 15.26pm 10/07/2025 (20 minute delay) ? |
| MRE (ASX) Chart |