MBN 0.00% 8.3¢ mirabela nickel limited

Any hope for MBN?, page-737

  1. 3,914 Posts.
    In a typical VA, these secure creditors would do a quick grab for what they can get but they are not your typical secure creditors.

    If it's not costing them that much and only around $10M USD per annual (compare this to the amount of money they've already invested in MBN) but more importantly given MBN is a viable operation at PoN of $5.5US/lb (including capital expenditure) as it was trending that way in the lead up and during the VA, logically they will leave it in C&M and wait until PoN is stable and above $7US/lb to get optimal return on their initial investment, but they could change their mind and end up shafting us by selling the mine to themselves.
 
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