Our cost of production at the moment is in the high five dollar mark, But believe it will get down to the low fives by end of year. for an analysis on the price of nickel everyone should do them selves a favour and have a look at Western Areas diggers and dealers presentation. I think MBN true price at the moment is around the 20 cent mark. It is a highly leveraged play and not without risks. but if the nickel price does rise (which i expect it to later in the year)and they can demonstrate strong production in the next 2 quarters this stock will take off.
MBN Price at posting:
8.5¢ Sentiment: LT Buy Disclosure: Held