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Several events may be coming together that will be far more positive for nickel going forward than what we have had in the recent and not so recent past. 1. The World's economy, although doing it in fits and starts, is slowly beginning to show signs of growth and for industrial metals, that is good news. 2. The Indonesian ban, for whatever reasons it is being implemented, is even better news. This has probably been the most negative factor for nickel prices and stockpiling, as mines that were committed to when prices were much higher came on line and sold increasing amounts of stock onto a declining market price-wise. Once a mine is committed to, there's no turning back. 3. Unfortunately, the metals markets only seem to rise when there is a fall in the USD, which by extension means that the AUD and the Brazilian Real tend to rise as well, however if Australian interest rates continue to trend down, this should cap gains going forward, unless the US really comes a cropper.


So where does that leave MBN? If we can improve operations over the next 6 to 12 months in the face of what could be a rising nickel price in nett terms to Mirabela, say to the point where cash flow becomes positive and obligations are met and reserves over time increase(highly likely), the future, IMO, looks brighter. The share price will respond in kind. It is very cheap down here, is oversold, and will reward the patient.