previous share price was based in anticipated 220ktpa of production
MNS have not delivered an offtake for batteries
the question mark is if they can secure a 130ktpa offtake for batteries with their natural graphite? (although they have probably secured offtakes for their non-battery jumbo flake)
personally, i guess they might get 100ktpa in total but i am just guessing, which is 60ktpa battery & 40ktpa jumbo
i am not prepared to invest in MNS based on the 220tkpa assumption
also, there $2,350/t revenue assumption may be too high
these are my opinions why the MNS share price has fallen
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