one should work off the following figures, cost /tonne A$11-12000, current USD49k nickel price which equals A$59,000/tonne at A$.8300 approx profit/tonne =A$47-48,000/tonne based on 9000tonne production per qtr and mre's share 60% they are making approx A$250-260 mio per qtr before tax.Currently i hear they are doing 100+tonne a day production their target is over 9000t for the next 2 qtr's, i smell another big divvy comming for the half year results,MRE's cash position currently is well over A$200 mio as at end of march qtr after paying the last dividend,MRE is a huge cash cow my friends hang in there as heap leech will only improve the fundamentals of MRE!heap leech will double their production to 80,000t this will then be at a sale that will atrract predators such as Xstrata ,CVRD etc
MRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
