Some brutal losses for punters, you have my empathy.
At 51c this value Santa Rita at circa 670m with the 400m in debt. There is nothing to stop this valutation going to 500m then 400m etcs. Must keep this in perspective, BHP sold Ravensthorpe to First Quantum for 330m USD in 2009 and it has lower cash costs and higher production forecasts.
Nothing to stop Mirabella from doing a desperate raising at 30c next week.
MBN Price at posting:
48.2¢ Sentiment: LT Sell Disclosure: Not Held
