MBN mirabela nickel limited
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as per the accounts: 8211 tons of concentrate produced in 6...

  1. Bigdig
    306 Posts.
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    05/10/15
    22:21
    Post #: 16118596
    as per the accounts:
    8211 tons of concentrate produced in 6 months
    That is 1368.5 tons per month
    Since 2204 pounds is one metric ton that makes 3,016,995.1 pounds
    At approx 13% nickel that makes 392,209.4 pounds of nickel
    Assume cop didn't change from 4.70 and we averaged a price of 4.4 that would be a .3 loss per pound
    So 392,209.4*.3=117,662.8 loss per month.
    Someone please correct me, But where has all the money gone?
    MBN Price at posting: 8.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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