This does look as if Alan Patrick Ryan has got it wrong this time. This link shows that JMS paid A$245 million [US$150 million at the time) for their 49.9% stake in Tshipi in 2010. Then later paid between US$70 and US$100 million for further development costs.
Jupiter acquisition of Tshipi near conclusion -
By I-Net -
August 16, 2010
https://www.miningmx.com/news/ferrous-metals/15578-jupiter-acquisition-of-tshipi-near-conclusion/
Tshipi Manganese price, page-58
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