Surely you read reports if you're a shareholder?
The E25 ore is 10%, its not DSO, therefore it has to be beneficiated and yes once the ore is upgraded then its 31 to 33%. This comes at a cost as 10% grade its worthless without the upgrading.
The reason for the higher Mn ore benchmark price is due partly to higher extraction costs as well as transport, shipping, trucking etc.
"Every chance we will be taken over "
Who will takeover E25?
OMH wouldn't consider it, they have enough supply and exploration assets already.
S32? You'd have to be joking to even consider that.
So who would takeover E25, a marginal operation at best?
Please tell me I'd like to know since you made the statement?
True, the current shareprice reflects some upside which is why I currently rate E25 as a buy under $1 and I've been picking up at 92c so thats what I've been doing.
However at $1.50 I'll be gone, I'm not waiting around for the greenie dream as I doubt it will come to fruition in the next 5 years.
E25 Price at posting:
92.0¢ Sentiment: Buy Disclosure: Held
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