It's not just about the nickel spot price with MBN. It's about whether they can ever get the Santa Rita pit working to optimal efficiency because of the assortment of problems it seems to have had.
If nickel and the plant came right, they would make a pile of money, but those are two very big ifs. In the meantime, there is almost a certainty that another capital injection will be needed.
I also don't trust the movements in this stock. The first pump and dump, which no doubt benefited exiting note holders, was unbelievable. The more recent one a mini version of the same.
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