Can you elaborate on how you see the market cap going from $31.8 mil to $185-280 mil?
As a holder I'd love it to be true of course but as a non-miner (simple investor) I understood that 35% manganese ore for Q3 this year was $4.20 / DMTU (down from peaks in June). If we assume the nickel assets are worth $20 mil (roughly market price before Timor announcements) then essentially we're saying the manganese is worth $165m. Which would be 40 million DMTU at todays prices. That's not out of the question given the Tshipi é Ntle Manganese Mine is expected to ship between 3.3 million and 3.4 million DMTU of 35% ore per year and it has an expected lifespan of 120 years.
I can't seem to find anything about the size of the Tshipi é Ntle mine compared to Timor however, anyone know? Did I get my maths wrong? Timorlad how did you get your valuation? GLTA
"We've got global interest in what we are doing in Timor now", page-67
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