I have been looking at pure nickel stocks and have taken a liking to MRE.
Their cash cost is $2-$2.5/lb. With nickel prices at $6.5/lb there is a good margin. the spin off of cobalt at $24/lb will reduce the cash cost significantly.
Their sp has dropped from a high of $3.5 to $2.20. I am aware of the $155mil Fluor settlement. But can't understand way it is lagging its peers.
Any other followers with any thoughts?