MBN 0.00% 8.3¢ mirabela nickel limited

Some good news., page-1138

  1. 27,364 Posts.
    lightbulb Created with Sketch. 1776
    IMO, even with a conservative MC valuation of $400M AUD (what is yours estimation of what the mine is worth @wdongli????), this would equate to a pps of 43c, so Lord Abbett would straight away loss $28M (along with their initial investment after the DOCA), BCEE would loss $22.5M, Wellington would loss $20.5M and Lonestar Partners would loss $17.2M.
    I wouldn't say they don't care about it, those are still significant amount of money and to loss it if they don't have too, their managers and let alone their clients wouldn't be impress.
    And that is a conservative estimation, if PoN gets to $8US/lb from the current $6US/lb, it will have a MC valuation of $800M (every $1US/lb increase would mean $44M USD net profit with production of 20Kt per year) so their loss would double that.

    Substantial holders & not creditors/SCSN
    64.5 - Lord Abbett
    52.5 - BCEE
    47.5 - Wellington
    40 - Lonestar Partner
    204.5 - Total
 
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