matt747 can you please stop running down shares you dont have any shares but you love ramping this stock down you must be a short seller ? are you go read some information i help you out a little Cash costs are still much higher than either Mirabela or the market want to see, despite coming down very slightly from $US7.42 a pound in the December quarter to $US7.37/lb. But the miner is sticking to its target of bringing cash costs close to $US6/lb by the end of the year -something it hopes will be aided by its recent decision tocut about 100 jobs in Brazil C1 cash costs of US$7.37/lb – Cost reduction programme underway with organisational restructure removing over 100 staff positions #World class nickel operation with a 22 year reserve life and potential to expand #Targeting production of between 19,000 and 21,000 tonnes of nickel in concentrate in 2012, with C1 cash costs expected to move towards US$6.00/lb by year end Achieved ramp-up goals in 2011 – Completed mine pre-strip – Completed the plant upgrade to 7.2 Mtpa on budget – Upgraded the mining and drilling fleet to 40 Mtpa capacity
MBN Price at posting:
32.0¢ Sentiment: None Disclosure: Held
