nice post , and a thumbs up , looks like mbn is riding the wave of the nickel price rise ,
this company sounds huge ,do they sell about 192million pounds of nickel that's about 80000t's ,if so free cash flow is over 400m bucks , that is serious money with a market cap of 130m ,
probably explains why the amazing rise it has since re listing , forget 20c if free cash flow is over 400m , it should have a market cap close to that , about 40c ,
how long is the mine life ?
one more time ........
192m pounds at $8.9(selling price as quoted on *****) less production cost of $5.9(is that a accurate figure) ,gives us about $3 gross profit ,multiply by 192 , we get over 500million dollars , are these figures for real......
we need a company presentation to digest , this looks like the buy of the century ,
for previous holders who were burnt , look forward not backwards , it happens to all of us ,
MBN Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held