MBN 0.00% 8.3¢ mirabela nickel limited

from mbn 2011 annual report , page-4

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    Page 23 of Report.

    Since you are too lazy to do any calculations on your own:

    Total costs to production = US$390.7 million
    Total Ni equivalent production = 33 million pounbs

    Therefore TOTAL COSTS = US$ 11.84 per Ni pound.


    And by the way, nickel was sold at an average $US 9.50/lb in 2011.

    At an average nickel price of $US8/lb... do tell how well the company is faring?







 
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