I think the AUD has been massively oversold and will go back upto into the high 80's. The nickel price is continuing to trend downwards and inflation is still relatively high in Aust with a shortage of workers prepared to work up North. Murrin Murrin continues to have grade issues and high costs.
Them are the facts. MRE share price is reflecting the confidence the market has in the company. Why would one want to attempt to make money with MRE when there are so many better opportunities out there? MRE has too many problems and has a fairly small likelihood of really kicking goals over the next couple of years.
Just my opinion and I am NOT attempting to downramp
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