Minara's nickel/cobalt operation is cash flow positive at current prices (~$30 MAUD), and probably would still be at $4.50 US/lb nickel and $32 US/lb cobalt (0.65 USD/AUD). The problem is that consolidated expenditure is some $70 MAUD/half year, leaving a deficit of $40 MAUD/ half year. Closing the operation would be silly imo, as it would make an expense out of an income source and leave the cause of Minara's cash deficit unaddressed.
MRE Price at posting:
43.6¢ Sentiment: None Disclosure: Not Held