manganese heaven, page-10

It was in my top picks for 2010. Here is an exert:

"The Company has a conservative target tonnage of 10 million tonnes of manganese but that was before further discoveries at 5 fingers plus the large laterite zone of manganese. Looking at the market capitalisation of OM Holdings (Bootu Creek Discovery) and the sale price of the Woodie Woodie deposit (privatisation of Consolidated Minerals), you see roughly about $300 to $400 million of market cap upside per 10 million tonnes of manganese. So for every 10m tonnes discovered could represent up to $2.50 to $3.40 per Aurora share on a fully diluted basis. Capricorn Southeast could potentially host hundreds of millions of tonnes of manganese which would be more than enough to place the company under the watchful eye of the majors as the scale of the discovery becomes clearer. Using these figures you can start to understand why I have drawn comparisons between Aurora Minerals and Fortescue Metals Group in terms of the upside potential of ARM?s shares."