MRE 0.00% 87.0¢ minara resources limited

At $24,560 AUD/tonne (31 December nickel price) and assuming the...

  1. 5,971 Posts.
    lightbulb Created with Sketch. 1461
    At $24,560 AUD/tonne (31 December nickel price) and assuming the upper end of the production target (36,000 tonnes) we'd see about $300m profit for the year.

    There is potential for high profit this year. Even if nickel fell a bit, or the AUD rose further we'd see $200m-$250m.

    Not much news to come though, just what should be solid cashflow until 30 June when we could see some drilling results.
 
watchlist Created with Sketch. Add MRE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.