We have 3 to 6 months time frame. With the number of mines that have closed now and
how it pans out in the Philippines crack on irresponsible mining, I guess Nickel have a
very big chance of recovering. The most important factor is how much the Nickel stockpile
will decline the next 6 months. This will give potential buyers of MBN the necessity to act
now and guarantee their Nickel supply over the next 10 years. Liquidators are in no hurry
to sell, as they told Possum30 inquiry that no update to come in 3 to 6 months meaning
they are waiting for the deficit to rise and that will attract potential buyers.
Total Debt is:
Original Convertible Notes debt = 115 million
5 Years Interest at 9% = 51.75 million
Bradesco = 50 million
Roughly = 216 million so say 220 million as user said.
The 5 years interest payable is questionable as we only incurred interest for 2 years to date.
Question is, Do you really think no one is willing to Buy this mine more than 220 million
if PoN reach 6.oo/lb.
MBN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held