Heads in the Sand, page-15

Hi Gordon2,

As per current agreements between MBN and the temporary Nickel concentrate buyers, they are paying a set price and NOT a market price, hence no matter how high nickel prices go up MBN will not get a cent more for their product.

This situation may only change when (if) MBN negotiates new long term offtake agreements with new buyers.

Until then, no money for MBN.

It will be really interesting to read the Q3 Financial Report just to check how much MBN has dipped into the $62 million cash that was available last quarter .... That will show what is really happening at MBN ....

My Opinion ONLY ... DO NOT TRADE based on it!