baz77, nickel is not what it used to be. Only the ultra low cost, high grade assets (like the one I mentioned earlier) has any hope of big upside.
MBN was all hype. The grade is the problem. More problematic, the debt is an albatross around it's neck.
At best, the Chinese would buy it out and valued as if it were an Indonesian or Filipino nickel laterite resource given the production cost and distance to market.
I got sucked into it (lucky I never took the previous entitlements and got out without making a loss).
I honestly believe it will soon be in the 30s cents range.
God knows what happens from there.
Capital raising at that point will mean the sp will be decimated.
MBN Price at posting:
54.0¢ Sentiment: Sell Disclosure: Not Held
