re: broker valuation matrix and school fees Dear LilacThank you...

re: broker valuation matrix and school fees Dear Lilac

Thank you - I am actually 47 and have some of my own hair.

Just to provide something of substance - you may have noticed that broker estimates on MRE are getting close to 8 the real PE is still probably closer to 7.

An investment banking buddy of mine (also 47) said today (in discussing a realisation point for MRE) that MRE is still "well undervalued" and why would you sell it with this long term nickel supply demand imbalance.

What is the new target - probably $7-8 off the back of a steadily increasing these nickel prices.

With Inco and Falconbridge being taken out at a PE of 17 and MRE the cheapest of the 5 pure nickel plays in the world, it is certainly worth the attention of global investment funds.

Regards Eos