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8.3¢ mirabela nickel limited

Ann: Quarterly Activity Report for the Period Ended 31 March 2015, page-230

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Lord Spesh

1,102 Posts.

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01/05/15

09:11

Post #: 15195743
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Originally posted by bellcurve ↑

So the metrics mostly look pretty good and most posters seem certain that overall its a solid report, so it must be, right?
I'm sure i wasn't the only one to notice that average processing plant nickel recovery was just 54%, though up from 50% previously.
The average nickel feed grade was 0.44%, down from 0.45%.
To me, this looks like a real concern. Grade control is critical, there's a mountain of dirt to move every day, and it seems like on these numbers the operation is marginal.
Mistakes on what i believe is a one trick pony, ie one mine company, could leave MBN stranded up the creek.
Is this being too alarmist, or can we say management seem like they do good job, they've got a free rein.

Any thoughts.

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Only that the difference between 0.44/100 and 0.45/100 is pretty damn small and at the moment it would appear to be irrelevant.

MBN Price at posting: 13.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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