MBN 0.00% 8.3¢ mirabela nickel limited

$50 million p.a. forex benefit

  1. 3,173 Posts.
    lightbulb Created with Sketch. 25
    Those who have bothered to have listened to the audio will know that Milson said that for every 10% that the Brazlian Real depreciates against the $US Mirabela gets a $30 million benefit.
    The Brazilian Real dropped again last night and has now dropped against the $US by about 17.5% since Milson did those numbers. So if he is correct, Mirabela's position has improved by about US$ 50 million per annum just in the last few weeks alone!
    I do not know what nickel price he was basing his forecasts on but it may have been higher than today's $6.47 per pound. Hew did give a figure for the exchange rate he was basing his $30 million forecast on. It was 260 Real to the dollar. It is now about 305 Real to the dollar, so these calculations (to arrive at $50 million p.a.) are easy to do.
    A $50 million p.a. improvement - and the market capitalisation of MBN is ....what?

    This is becoming more of a no brainer by the day.
    The sub 10 cents share price simply cannot last.
    Forget what the day traders are doing to this stock.
    It is seriously, very seriously undervalued.
 
watchlist Created with Sketch. Add MBN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.