5 yr offtake agreementHey boys and girls, I am not quite sure on...

5 yr offtake agreement

Hey boys and girls, I am not quite sure on the progression rate and speed of construction in Brazil but I feel that they might have to hop to it with only 30% construction complete even though it is on schedule.

I love the fact that they have secured a contract of sale for 50% of the produced nickel concentrate, prepaying $50M on top of the bank facility announced today. One thing I am wondering is does the term, "purchased at the mine gate", mean that we are not responsible for transport costs? Also does anyone know what price we will be getting for the nickel?

IMO,at these prices MBN is a steal but having said that there is more downside to come before a turnaround. So, for you SkipperX this could be a great chance to lower your av as I too had bought in late at $6.60 (after buying and selling many times- poor move as it turns out) but sold out to break even a couple of months back as it started to slide again. When I get more money however, I WILL be buying in again.