Kiwi, grade of the offtake looks quite high - but fantastic if they can sustain it. Without a JORC, it is very difficult to assess.
With such high grades coming out of their samples - perhaps they will be looking at blending the higher grade ore with lower grade ore to satisfy agreement terms.
Offtake prices have already been benchmarked against BHP's US$DMTU,CIF China Basis (see april prices below):
And a bit of info from BHP's site: http://www.bhpbilliton.com/home/businesses/manganese/Pages/default.aspx
"Comparison per ton with company's at this grade" - I'll try and put something together over the next couple of weeks.
Cheers, The Sparkler
KAB Price at posting:
2.2¢ Sentiment: None Disclosure: Held
