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8.3¢ mirabela nickel limited

over the last week speaks volumes, page-15

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8horse

34,339 Posts.

9120

05/11/14

18:09

Post #: 14240955
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Originally posted by jamwolf ↑

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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The reality is mining at substantial loss, it won't sustain.
Lots of mining companies/juniors with billions of dollars worth in stu resource but fighting for lives. LYC, PEK, ELM, FMS...

MBN Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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