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3.8¢ pure minerals limited

Ann: KEY BATTERY HUB TENEMENT GRANTED, page-87

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Big Kahuna 101

8,802 Posts.

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21/09/17

19:57

Post #: 27379131
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Originally posted by Michaeljob ↑

"Chinese manganese ore port inventories plunge due to buyers' rush for cargoes
Manganese ore inventory levels in the ports of Tianjin and Qinzhou in China have fallen below the 2.3 million tonne mark on low import volumes and strong downstream demand, which has been deemed as an uncomfortable inventory level by Chinese participants.

According to Metal Bulletin’s survey, the combined manganese ore inventory level at the ports of Tianjin and Qinzhou plunged to 2.1-2.2 million tonnes, down 20% from September 6. “The [combined] inventory level at these two main ports is uncomfortably tight at present. This had led to both traders and buyers accepting tenders at higher price points since the start..."

With the manganese tenements the most developed of the prospects having already had circa $5m spent on drilling (yellow) the bullishness in the sector could well see PM1 sitting pretty in coming weeks. Tiny EV with large potential resources in a market rapidly heading into short supply. Also worth keeping in mind that the Talga fault is known to contain both manganese and cobalt.

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Hey Michael any idea who holds the adjoining tenements?

PM1 Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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