annual report sloppy, page-5

Thats a coincidence, I've been buying shares in both mvp and mfc lately. There is just a lack of interest and knowledge about MFC together with uncertainty about proposed projects caused in part by lengthy delays getting to start up. The sp is now at bargain basment price ie less than cash minus CN plus value of BSM shares.

If either the Qld Ni jv or SA Chambishi project get the ok then MFC will get a solid increase in sp. If either or both of these projects did not go ahead then there is not much room for sp to fall further.