MBN's evarage cost is near US$ 9 / lb yet Niclek price in 2013/14 was ~ $8.5 and now is $6.80 and falling, yet MBN's stock price is sky rocketing now. Truly amazing divergence ... The way I see MBN as a business is 'going towards insolvency. They will be loosing $2 or so on every lb of Nickel they sell ! Great business indeed