Buying LionOre "is an important step in our strategy to grow...

Buying LionOre "is an important step in our strategy to grow Xstrata Nickel into a truly global nickel business," Ian Pearce, head of the Xstrata nickel unit, said in a statement.

It is a given Xstrata will take out Glencore's holding in the plant, its shareholding in MRE and the minorities - just a matter of time... and yes, MRE is massively undervalued. Some investors cannot get over the Anaconda history, and now feel they have missed the boat. $8 on the back of this quarter's results in my view.

Cheers
Monty