If you look over all the Q reports esp in 2010 when price of was averaging over $20,000 US/Tonne MBN was still not making money due to all the capex other costs... When it comes to capex and miners it's a big hole when money gets sucked into and never ends...
I was recommended to buy this stock from a former broker I used back in 2010 when the sp was over $2... I took a look at all the reports and I could not see value in back then even with the price of nickel at those levels..
MBN Price at posting:
7.6¢ Sentiment: None Disclosure: Not Held