MBN Is undervalued to vales onca puma by 8x or some $1B on market.
compare prior production 6100t v 3400t Q2 or Q1 5000T v 5855T, purchase/MC value, current production 0 v 4300T. Staff levels, location, ease of employment n shipping, native issues...
Mbn wins hands down, it out produced onca puma in Q1 & is out producing it now. Vale must be watching santa rita closely, they are brasils largest ni mines. Vale based in brasil now relies on canadian ni production.
Guess where nugold our ceos new directorship is based, canada. Interesting coincidence. Whats a brazil ioproducer doing relying on canadian ni production? Vale would be a potential suitor.
Forget 20c, a bid would seek to clean up hc rebels n oz holders, but not usa NHs at 50c be, Wellington & BCEE hold 16% of mbn n rising. At low volume an acquirer has to whip up volume at any price, right now 9M shares at 14.0c is a sitting duck.
The tightest share register on the asx keeps getting tighter than a gnats nurries.
MBN Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
