I would be interested to see the BRL rate locked in. Current C1 Cash costs around $3.10 would be fantastic to hold onto. That way we actually have a huge buffer between the current Nickel price and our break even.
Imagine if the BRL strengthened on positive indicators from Brazil and the Nickel price weakened and we could all of the sudden be close to making a loss.
Two conference calls ago the CFO said they were starting to think about locking it in at around 3, I think now is a pretty good time to start thinking more seriously.
Any thoughts on minimising our risk?
MBN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
