MBN 0.00% 8.3¢ mirabela nickel limited

Some good news., page-299

  1. 2,502 Posts.
    lightbulb Created with Sketch. 303
    Yes Sammy-tic (BTW I really think you are user23 lol) That letter just repeated what they said
    last June 2016. If the Mine get sold , someone would have bought it and there will be NEWS
    all around internet but no News. Verdict is, MBN is in C & M and will be for as long as it take.
    Not all Nickel Mines can be at C & M or they would have done it already, Glencore, BHP's
    Nickel West , First Quantum's Ravensthorpe are losing Big Money producing Nickel.
    Even IGO and Western Areas are barely making money. Nickel is in abundance because
    of them not curtailing their production. Something has to give in and they will close eventually.
    At the meantime, at 1.5 million a quarter C & M cost for MBN, It can remain like this for years.
    Why sell the mine for peanuts now when all you need to do is wait. It doesn't cost them much
    to maintain it. I don't have much hope either but hey, we could be surprised in a years time.
 
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