I will be watching MBN closely, but atm pretty loosely, and all these little CRs are not comforting. Haven't seen many mine start ups do better than budget on cash costs, and so often hiccups. What I suppose I like most about MBN is the potential for further discovery, but I'd like to see the project derisked further, with confirmed recoveries, costs etc.
Wrt IGO costs they haven't been variable like MCR at all, pretty close to A$4/lb payable cash over the years, and about another A$1/lb or less for non-cash. As for STB, well I've tucked a few of those away on the basis of the significance the project is being given by their partner.
EL
MBN Price at posting:
$2.53 Sentiment: None Disclosure: Not Held
