also they have cut costs by $150mio/pa these cost cut benefits will start to kick in from 1st sept this year,they were aiming at $100mio in cost cuts but it looks like it will be $150mio they are using less acid now as well with the new plant, also as i stated before sulphur last trade at $590/t and falling as buyers are holding off and not bidding as they feel price is to fall there have been no more buyers at $590/t so price seems it will fall further soon.mre will come out of this a much more efficient lower cost producer when sulphur falls back lower.
MRE Price at posting:
56.7¢ Sentiment: LT Buy Disclosure: Held