Wow, I didn't realize it had gone up that much!!!
Pak is getting a deal of a life time and that's why he is chomping at the bit to get a bigger slice. This project is bigger than some of the people on here understand.
According to the study the Project has a NPV US $160m but was done in a soft market and a low ball figure when manganese was in the bottom of its cycle. The cost was at US $793t and sell at US$1100
At the current rate our profit could be 2-3 times what was in the study. It might be worth ramping up the project quicker than expected. IMHO DYOR
GMC Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held