MBN 0.00% 8.3¢ mirabela nickel limited

Ann: MBN Company Update 7 November 2013.pdf , page-13

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    As it has been pointed out in previous posts, a stockpile of 12,500 tonnes of nickel concentrate is not going to be a panacea to MBN's financial issues.

    Ni concentrate grade at MBN is 13-14% Ni, with 89% payable
    So a quick calculation indicates that the concentrate will contain ~ 1,500-1,600t of payable Ni (~US$20-22m in value)

    Note this ignores the copper/cobalt in the concentrate, but makes no allowance for other costs (transport, handling)


 
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