re: dnatron ... centre of gravity wrong way,if MRE is worth $3...

re: dnatron ... centre of gravity wrong way,


if MRE is worth $3 to $3.50 then its is trading at a massive 44% discount!


At $3.5 its market cap would be a staggering $1.6 billion, which would place its net profit exluding handouts from the bond holders, Fluor etc well over $160 million.


A possibility, but are you sure they are going to produce 9,000 tonnes of nickel and their cobalt quota, in the September quarter?????


For if not, a drop to mid $1 cannot be ruled out!!!


Even if they achieve that, looking forward, there would be statutory shutdown etc, which would reduce the tonnes of nickel produced.


The more the high grade their body, if that is what you would call it, the harder it is to achieve full scale production.


Further, their agreement with WMR re processing about 3% Ni grade from WMC nickel operations has only couple of years to run.


And then What?

Arhidas
owns HRR not MRE