I think your anaconda comments are spot on. Even mre history may scare a little. But things are steaming along now.
Consider this: MRE has only gone up under 10-15% when nickel has gone up 25% (3 month time scale). Costs are increasing with CPI (construction PI, not consumer PI).
I'm putting a tentative $10ps on MRE at this point in time (assuming nickel will start decreasing over the next few years to $12US/lb). If nickel stays at this level in the medium - long term, obviously we are looking at $20+
Read "Taming the lion". The length of a bull run will surprise all involved.
MRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
