MBN 0.00% 8.3¢ mirabela nickel limited

SRQ was different. I did okay out of it too.It had a big coal...

  1. 10,494 Posts.
    SRQ was different. I did okay out of it too.

    It had a big coal business that had a buyer. if anything they sold a year too early (could have got a lot more from the Thais).

    SRQ is a now copper play (with tritton now a clean asset) and good exporation assets in NSW (from Goldminco) and in SA.

    It also has a good and expanding gold production in PNG.

    MBN is all Ni (not the greatest grade mind you). A huge upfront capex to ramp up and nothing much to show for. Still owes a tonne in debt and cash flow negative.






 
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