MBN – ABN Amro rates the stock as Initiation of coverage with Buy

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Mirabela’s large, low grade mine in Brazil offers the sort of size which provides leverage to the nickel price, the broker says.

Reserves are presently 33kt of Ni, but that is growing. Sector: Materials.

Target price is $4.46. Current Price is $3.96. Difference: $0.50 – (brackets indicate current price is over target). If MBN meets the ABN Amro target it will return approximately 11% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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