While MBN market cap looks incredibly attractive to invest, there are substantial risk factors at play here. Ni prices are close to a five year low and heading south, Ni stockpiling (excluding Indonesia) is at an all time high. Oil prices are at a level where a global economic shock is a real risk (look at Russia) which would likely hit steel demand (proxy for Nickel) hard, and I doubt the Indonesia supply issue will play out too hard. They are not going to hurt their own economy as long as Ni producers are moving to a value add scenario. Like most junior miners of anything, it is tough to whether a significant storm for even 6-12 months. This is a very high risk play.
MBN Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
