E25 2.22% 22.0¢ element 25 limited

99.95% High Purity Manganese, page-5

  1. phw
    611 Posts.
    lightbulb Created with Sketch. 733
    Not sure bullmarket

    A lot of variables to consider in your question

    A lot would depend on the Mn price in the future

    If it's still profitable I'd assume they can do both (steel & battery) and as you say, the resource is big enough to handle it

    It would be a difficult business decision to shut down a project showing unprecedented IRR's of 350% ?

    E25 also have off take agreements with OMH for 5 years so it would have to stay up for a minimum of that

    They have spent money on CAPEX so would want to recoup that
    (although that will be done in about 6 months time)


    You would also have to ask questions about the ore grade
    Maybe you can use the deeper stuff for HPM?
    And if that's the case this truly is a monster project

    Time will tell
    Last edited by phw: 19/01/21
 
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