The Best Quarter EVER

This Q1 2015 MBN quarterly report is looking more like the best Qtr EVER for MBN in that:-

- best Ni sales income for any prior Qtr (US$75M-$98M v US$5M Q4, $121M/4= $30M 2014 avpqtr, $75M 2012 av) or close to
- lowest COP AISC costs in US$lb for any prior Qtr (4.00-4.30 v 7.16 2014, 5.80 2013/2102,7.27 2011, 9.50 H1 2014)
- lowest gross cash operating costs ever $120M est v 154M 2014, $220M 2011-2012
- best foreign exchange rate differential ever (3.18 BRL av v 2.20/2.40 BRL 2013-2014)
- largest shipped tonnes EVER (est 6000-7000T v 3150T av 2014)
- lowest loan interest & debt repayments EVER (est $0.00/$0.00 v $27M/$16M 2014, $54M/$30M 2013)
- Best EBITDA EVER (est +$46M v -$58M 2014, -$26M 2013, +$45M 2012) or close to.
- lowest capex ever ($8M v $10M+ 2014-2011)
- best cash on hand increase ever (est +20M/30M v -$17M 2014, - $101M 2013)

From burning through $100M cash pa 2011-2013, 2014 finally saw this subside and ameliorate into a surplus in Q4 2014 for the first time in 4 years. The BRL slide has been substantially greater than any NP slide. The shunting of unsold Ni concentrate from Q4 2014 into Q1 2015 is a financial windfall which the market does not understand yet, The full consequence of the BRL collapse has been ignrored by the market until the Feb conference call.

Once the market/broker analysts/insto valuers realise the above (some already have) and what i and many others have on here pointed out, the rocket will start the burn, since fridays 2014 AR they are cottoning on, the noteholders must hit their 2nd TP and final TP.

Oz Ni producers like WSA PAN MCR BHP even Glencores murrin murrin are now all looking at MBN with envy at a US$0.30 cost price well below the AUS$0.77 they have plus the overpaid low productivity unionised labour they have to deal with compared to the long shift hungry unemployed underpaid highly productive brazil workers.

Look with envy, the Ni industry needs MBN to succeed, if it cannot no one else can, soon we will soon see prestart spike patterns like before in DKM, SIR, POS and TON. Some patterns already showing. The script was written months ago and got better and better as the BRL crashed from 2.60 to now 3.20. Soon broker analysts issue internal BUY recommendations, then public ones, then TP of 55c like with other stocks, normally well after they are in and set and after the run starts. So predictable.

Some short holder sellers from 5c-10c cash in at 13-14c looks to me only 2M -3M shares, the rest are buyers, bots and some pip traders, still low volume. 14c was never a resistance point, 12.5 & 17.0 & 21c are the real resistance points, with an interim 12.5c as resistance now becomes a support point, the range 12c-14c is the accumulation zone, soon 14c-16c accumulation zone then where? Buyers at 12c to 17c dont want to sell at 13c, they want 20c. NP up tnt 1%, Qtr now over and the noteholders have their teams working the mine figures.. how much, how low, how good is it?

Answers soon, even if i am 50% right, what will be the market reaction to the shock of MBNs BEST quarter EVER?