Anyway Ranghora, Mirabela Mineracao has been the prime Business in Itagiba and
surrounding Regional Towns for around 6 years now. MBN is Vital to the survival
of this Town. MBN has refined its operations with its COP coming down from as
high as 8.50 / lb to 4.49 / lb in 6 months. MBN can do well in C & M , That is in fact a
privilege for Some miners to have this option which is fortunately not
viable to the Greedy Major Producers. They will be the ultimate casualties in the end .
Meantime, if the Local State pays the Tax Credits then the welfare of the 900 workers
affected is not jeopardized and that is the most important of all. However, if they don't pay
then MBN just merely go on C & M. With 8.3 Million Cash plus the Revenue for the last
shipment this end of march, it will have enough Cash to get it through till Ni Recovers.
Meantime, Our SP is protected by the VA, Its now a waiting game til Ni reaches 5.00/lb.
It has been 4 months now that Ni is below 4.00/lb, yet we have $8.3 million. Meaning, we
are one with the lowest COP.
BTW, I know who gave you the thumbs up, Jantimot lol.
MBN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
