Ann: Response to ASX Price and Volume Query , page-5

MBN is forecasting cash costs of $5 to $6 per pound. Nickel is currently trading at $6.09 per pound.

MBN is also forecasting around $40 to $50 millin in capital costs next year.

So, no profit from operations, cash being drained out of the company for capital works and a huge debt to repay by 2018.

It is no wonder that the company lost 90% of its value. What IS surprising is that punters suddenly want to buy in. Why? Hence today's speeding ticket. Fair enough for the AZX to issue it. (ASX got no viable answer from MBN of course.)