To make matters worse the manganese ore price has collapsed as well. Now down to US$4.43/dmtu CIF China.
Losses will increase further.
It costs A$127/t to the mine gate = US$2.80/dmtu
It cost A$201/t to the port = US$4.43/dmtu
Freight cost is US$18/tonne = US$0.60/dmtu
Discount to OMH for buying and selling in China 10% of selling price = US$0.43/dmtu
By my calculations at the current Mn ore price E25 =US$4.43 + US$0.60 + US$0.43 = US$5.46/dmtu
So E25 is losing US$1.03/dmtu or A$47/tonne.
On 300,000 tonnes annually = A$14 MILLION LOSS
Sounds like good business.
OMH is doing OK they make a profit regardless.
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21.0¢ |
Change
-0.020(8.70%) |
Mkt cap ! $46.18M |
Open | High | Low | Value | Volume |
21.5¢ | 23.0¢ | 21.0¢ | $27.80K | 131.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 67680 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 9538 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 67680 | 0.210 |
3 | 52000 | 0.205 |
5 | 342504 | 0.200 |
1 | 5128 | 0.195 |
3 | 465128 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 9538 | 1 |
0.270 | 3980 | 1 |
0.275 | 15000 | 1 |
0.280 | 84533 | 3 |
0.290 | 42241 | 2 |
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