C1 prod costs for MRE are US$5.20/lb. Current Ni price at 3 year low of US$8.3/lb. MRE have no debt and about 60m in bank. Not an urgent buy but feel we are near the bottom of SP. Other Ni mines are closing and eventually only those with strong production and no debt will survive. MRE may not pay a div in March but will still be churning out Ni AND Cobalt which is still at high prices.
how low will it go, page-4
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