If they do amp up to 10000 tonnes per annum which they are aiming for it coupled with the rise in nickel this will couple to bring a recovery of sorts. Even 250 million per year minus production costs is not to be scofted at. But yes high volume and low nickel yeild is a problem especially with rising fuel costs. They really need to improve there exploration program or look to some take overs to enhance profit in the long term. The fundamentals are right however if the nickel price rises.
MBN Price at posting:
$1.51 Sentiment: Buy Disclosure: Held
