Lightening MBN is breakeven at about $7.30 lb when you factor in interest repayments and all associated expenditure. Nickel recovers within the next 6-9 months and we see some improvements in production numbers then the SP will rebound strongly. I believe this will happen...but it is not without significant risk. if either doesn't eventuate MBN will be flirting dangerously close to raising capital again which would be ugly at current prices. Its a risky play but one at the moment I am prepared to take, just my opinion.
MBN Price at posting:
8.5¢ Sentiment: LT Buy Disclosure: Held
