smh article - nen, page-13

Not sure what people have been smoking.

MBN is likely to go into administration and will be folded up. They have massive debt and cannot afford to pay their repayments. They are operating a high cost nickel mine at above the spot price and are losing money everyday.

How is that even compared with an oil and gas exploration junior that isn't producing (I don't know if the north American assets count, bit of spending money here and there).