Last summer the World Bank projected that in 2020 nickel would fetch a price of 16,125 dollars per ton. However in its latest forecast issued in January, the international institution estimated that the price in 2020 would be 13,600 dollars per ton. The difference in price is 2,500 dollars or 15 percent lower than its previous forecast.
At 13600/ton = 58% increase from Present Price. It will be 6.20/lb.
Good Enough for MBN . At 3$/lb Clearance profit * 44,000,000 lbs/year (Full Production) = $US132 million Cash on Hand, More than
enough to Pay CONNOTES. What ever happens, Don't sell your MBN shares.
