baz77, on what basis do you believe the share price will be double what is now within 12 months?
Do you have any calculations to justify?
I don't have a position in this stock. I have worked for Mirabela in the past and know many of the people in Brazil and the team in Perth. I wish them every success, but the realist in me can see that this thing is not going anywhere.
The low grade means that a deviation in recovery, grade, lithology, hydrology, etc can make a huge difference to the bottom line. That is, there is not much margin for error.
As I've written on a previous post, the feasibility study values were not realistic, as it turns out. According to the study, this mine would make money with Ni at $4.50 to $5. As it is, they can't seem to make money at $8.
- Forums
- ASX - By Stock
- time to buy
baz77, on what basis do you believe the share price will be...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MBN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online