MRE
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0.00% 87.0¢ minara resources limited

Nickel is $11.82/lb, making new highs. Estimated production is...

  1. danbradster
    5,971 Posts.
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    18/01/11
    19:41
    Post #: 7755684
    Nickel is $11.82/lb, making new highs. Estimated production is 33k-37k tonnes, up from last year. Yet UBS call it a sell. It would be interesting to see why.

    We are nearing the 30 month high for nickel, but also the all-time high for the AUD/USD.

    I guess the main downside risks are nickel price falling, unexpected processing shutdown, or the AUD rising further.

    I consider MRE undervalued.
    MRE Price at posting: 92.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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