MBN 0.00% 8.3¢ mirabela nickel limited

All over done and dusted, page-764

  1. 12,153 Posts.
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    all their expenses were in REAL while their earnings were in US$... the exchange rate would definitely matter IMO... the higher the US$ goes, the bigger the amount they get in BRL for their local expenses...

    a significant part of the turnaround (or even the day-to-day ops) story depends on the exchange rate...
 
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