ccdavid it would be awesome if that condition was in place. But I doubt it is.
Mattyedw says that the reality is that the mine is only worth what someone will pay for it. True to a degree.
Remember that the only offer initially was for $37 million.
Now there apparently is an offer for $23o million.
A bit of a difference eh? What's going on there?
NP currently at $6.41 and on its way up with a bullet!
At last reported COP, and current Real and current cobalt price, that would easily give a profit of $2 per pound of nickel produced. About $80 million - $100 million p.a. in free cash.
imo $23o million for the mine is an absolute steal for the purchaser - and stolen from the poor old MBN share holders!
MBN Price at posting:
8.3¢ Sentiment: None Disclosure: Held