MBN 0.00% 8.3¢ mirabela nickel limited

Interesting, The Ni grade increased 10% this Q2 from Q1, seems...

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    Interesting,

    The Ni grade increased 10% this Q2 from Q1, seems the deeper they go the higher the grade is actually playing out right now.

    If 2 of our posters are CA & CPA accountants and have given the financials a thumbs up thats a big positive.

    Also BRL is hitting 3.37 today - thats a 10% drop from the Q2 av of 3.07.
    So COP will drop again in Q3 from 4.49 in Q2 tward 4.00-4.20 IMHO.
    Cash build ought to recover once this capex depletion is over and the expected sales flow through from hungry chinese mills that are running low on NPI & are massively increasing ferronickel imports by 200%-300% from last year even.

    Expect a LT offtake deal sooner or later as chinese port stock keeps dwindling. The secret chinese buyers will come out into the light sooner or later.

    With this "stable & secure" management with "prudent financial management", they would not burn through $16M capex in 4 months leaving cash reserves low withut 100% confidence & knowledge of large impending & deferred sales from the chinese hitting the bank soon.

    I also expect the production ramp from 3855T Q1 to 4300T Q2 to increase to 4700T Q3 then to 5100T by end Q4 31 December. That was the CEOs plan in Feb that she reiterated at the AGM recently. Ramping production so strongly would not happen if they were cash negative. Look at MCR BHP PAN POS all dropping production on loss producing low margins.

    Not MBN, its production is spiking...for a good reason...they are the Ni darling leading the Ni industry right now, the other swish they were MBN right now with 95% US NH shgareholders like Liberty & Wellington et al.
 
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