What you have failed to grasp is the 4-5 year outlook for Ni. To invest in a company on today's Ni prices which are low and MBN prices which are low makes for good investment strategy. The bears are active on today's (and possibly the next six months) Ni prices but what will MBN SP be in six months? Or if you want to make further predictions, what will the worlds Ni stocks be in six months? From what I have read MBN has an off take for 80% of their produce and can still make a profit on low Ni prices. The doubters obviously believe Ni will continue its downward trend to record lows and they may be right looking at China and its reserves. However I take development in India and Asia into account when looking at investments. Anyone prepared to call the bottom on Ni?
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