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23/12/17
19:31
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Originally posted by AlCp
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PoN recover back to nearlyp$5.5US/lb (with LME warehouse still doing bugger all), REAL has also gone back $3.30 so it will be interesting what happens end of December if $5.5US/lb holds and REAL goes back to $3.40 (10% more than the foreign exchange of 3.07 they used in MBN's last disclosed COP including royalty of $4.72US/lb) as they mention this was when they "planned" to sell the mine to the US and Canadian investors.......i.e. do they decide to continue the C&M after getting COP so low and just wait for PoN of $7US/lb next year (highly likely with the decrease in LME stockpile) to get optimal return on the mine sale and/or re-list on TSX????
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Nickel sulphate is now looking like a very hot item mbn is the one ,just had a message from China not long now @ 30% higher than any opposition go MBN big news!!!!!!