FYI a mate of mine spoke to mre management on insto roadshow late last week in sydney and this is what he was told, they have as a result of efficiency program on sulphur usage been able to make approx $60mio pa in savings on sulphur usage and also $70 mio in general cost cuts pa, and can do alot more if they need to,they are cash positive and expect to be so at current nickel prices around USD8/lb they expect C1 cash costs of just over $US5 again for this half with production running on bugdet.And mre has no debt.
MRE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
