GREY:MRBAF - Post by User
Comment by
bull_manon Sep 08, 2010 11:17am
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Post# 17424412
RE: RE: RE: RE: HALTED
RE: RE: RE: RE: HALTEDwise, could be the case........if mnb has an estimated 3.1billion pounds of nickel, at today's prices, that's over $30billion dollars of nickel, and that does not include the potential to double the resource with it's upcoming drilling program; that's one hell of a big mine; now we know it's also low cost, so margins will be high. now with that all being said, it's not impossible that someone last night in australia after seeing the financing proposal said "never mind that, i'll buy you out for $2.50/share and pay off all the debt obligations; so for around slightly over $1billion, that someone could buy a massive 20year+++ 3.1billion pound+++ mine and sit very pretty, because, the associated risk of building/financing a mine is now nil; only thing, would management accept $2.50/share, given the future potential of this mine.