Sold half of my shares last Friday to de-risk. After looking at WSA half year report I'm not too convinced MBN will be making profit this 6 months. WSA has C1 cost of roughly USD2 and they sold it for AUD6.5 per lb (based on report, which is roughly USD 5.55 with 0.85 conversion rate).
Their gross profit per lb is USD1.5, which means the all in cost is about USD4.
MBN has c1 of USD4.82 at the moment, need nickel price to shoot up or more cost reduction to attract investor I think.
DYOR
MBN Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
