What am I missing here, they are planning on selling 1mt a year of manganese ore, which sells for only about $40 a tonne. Costs will likely be at least $40 a tonne. Even if the prices of manganese ore double they only make $40m a year profit? Is the share price this lofty on pie in the sky concentration plans?
Am I fundamentally wrong on something?
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Last
26.5¢ |
Change
-0.015(5.36%) |
Mkt cap ! $60.58M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.5¢ | $18.46K | 68.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2387 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 63608 | 3 |
View Market Depth
| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| E25 (ASX) Chart |