Mirabela Nickel Ltd Ord MRBAF

ironic

[bull_man]

with only the dollar value of cost-overruns needed to bring ambatovy into production just announced the other day, sherritt could have actually bought mirabela with that money in its entirety, at it's current closing price of today, a 23-year low-cost nickel "sulphide" mine, about to go full capacity, fully financed, generating positive cash flow, low-risk, with strong potential of expansion.......go figure?????

THAT'S HOW UNDERVALUED MIRABELA IS......should be $4 - $5 NOW, and i would not be surprised if we get taken out in the near future, "hopefully" in that range.

[brendelly]

Your posts are interesting but do not contain what is real and what is not.In Q1 2011 they made $728,000 which includes all direct operating costs. The company on a net bases is still losing money over consequtive quarters. Cash costs are still high at $6.97 with an operating cost of $5.52/lb, recovery still at a staggering 50%, far from design of 70%+ and designe operating costs

[bull_man]

.....and your posts are very annoying, and far from the truth - obviously you are not invested here; we call those bashers.read the analyst reports buddy; all give NAV ranges up to approx. $4/share, considered a fair valuation for a mine such as mirabela; so gfy.

[brendelly]

...I'm stating reasong for lagging share price not the "Investor Highlights"...if recovery ramped up to spec you will see $4.00 very easily! Bought MNB in 2009 for $2.00 and sold for $2.25 in 2011...it's not bashing its reality. Will continue to follow and post when I feel you are "pumping".

[bull_man]

......and that's why recent analyst reports have been quoting 12-month targets in that range, because it is "expected" that full ramp up will take place in 2011; not pumpiing buddy.