http://www.*****net.com/charts/metals/base/spot-nickel-5y-Large.gif
During March to April 2015 was the sp of MBN trading 15 to 16.5c and as per above Graph ,
the PoNwas averaging just 6.00 /lbs. As per user30, MBN COP reached a low 4.5US/lb at
a Br Rl exchangerate of 3.22. Looking at the Graph, PoN is fast approaching the 6$ plus mark.
It could be by the end ofthis year or 1st Quarter next year when trump assumes office and Market
settles down. It approached5.30 some days ago so reaching the 6.00 mark is no doubt. It will be
very interesting 2017 for MBNholders as if indeed we reached the 7.50 /lbs, a 132 million cash
positive is realised. We have 10 yearsplus reserved that equates 1.3 billion at 7.50/lb PoN.
I am sure the Noties are in no hurry to sell this.It has taken this long, what is another year in
C&M costing just a mere 12 million/year while
waiting for Nickel to Reach $7.50. While we are in C & M, Other big Nickel producers are sweating
it out losing big time.
