The market will start to look at Esr very differently, page-147

what i find interesting is this sudden emphasis on limestone, i have been thinking about it and i truly believe there is a deal of some sort in the wings

chairman going to Indonesia and letting everyone know that he is going.
they had included this in their upgrade of exploration licence which would have been submitted a while back, so this has been in the pipeline for a while and they only did it for the top half of the tenements
now the MD has twice promoted the limestone and telling us they have multiple million tons (hundreds) and quoting Indonesian miners need it for their mines a few times
and why say hundreds of tons? will there be a deal so big that the market would think there is no way they could supply it?

are they prompting the market to let a deal drop and not confuse everyone to think they are only mining the limestone when their goal is Manganese?

from my research limestone is high tonnage low price, looking at $30 aud per ton so could they have something like supply 20m tons per year to a miner or India? that would bring in a revenue of $600m per year, i have no idea what profit margin would be but making 10% would be unbelievable and the saving on mining costs should they have a resource of manganese would also be huge.

now not sure they could mine 2m tons per month, but i guess its just sitting there and they scoop up and load onto a boat so i guess its not impossible

by the looks of it, they know they have the limestone as you saw the huge deposits Chris in the video, so i dont think its a question if they can supply or have.

if anyone that has experience in limestone mining could elaborate on this possibility

i guess time will tell but looking forward to see anything comes of this

some sunday thoughts, good luck this week and hope we get the drills turning