From memory, PAN has similar nickel in concentrate JORC reserve of ~250Kt and production cost of ~$5US/lb (hence they are recommencing production) to MBN so MBN should have a MC similar to PAN of $230M AUD so around pps of 25c (but pps could be higher as 85% of the O/S are held by substantial holders).
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
