Hi David, You cleary did not understand my post. I agree with...

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jonnysyme

21 Posts.

21/09/16

09:42

Post #: 19303457
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Originally posted by ccdavid ↑

Funds. ? Mate this is 60% owned by Financiers. There is no problem for them financing this
30 M plus more But what we are looking forward is when
Nickel Stocks goes down to a critical level as caused by the low PoN, China has to source its Ni supply
and that is when Mirabella Mineracao will be a prime target for buyers. This is what we are aiming for
and it doesn't matter if it takes two years , a mere $US500 million buy out on this mine will net
every single shareholder = 500M - debt 200M = 300 million / .75(exch Rate) = A$400 million.
400 M * 8.33c/77M = 45cents / share. At this price, Creditors are not even Breakeven, they need
50c US to break even so they may not even sell it for 500 million. 2 years from now and beyond , Nickel
consumption will be far greater than production. Where will you source your supply if no Big Ni Projects
on the pipeline that takes at least 5 years to commission into production. This is what we are looking
forward to, MBN will be sold in the right price in the right time because it can afford too, its on C & M.

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Hi David,
You cleary did not understand my post. I agree with you that Nickel is heading the right direction with nickel hitting US$4,641 and stock levels dropping.
I wouldn't be happy being in this nickle stock and not being able to trade them for years on end.. It was investors like yourself I was saying I hope you don't need any money for the next two years from this stock. However I wish you all the best with your investment. Its you guys getting screwed here.

MBN Price at posting: 8.3¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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Hi David, You cleary did not understand my post. I agree with...

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