Agreed that the lower AUD will help.
All major Mn ore suppliers have dropped their prices for January shipments due to low demand and expanding port stocks.
"Chinese manganese ore prices are headed down after major suppliers announced their January prices—pre discounts. Tshipi’s price is $4.62 per mtu for 36.5% Mn, South32, $4.64 for 36.5% Mn; Eramet, $5.38 for 44.5% lumpy and $5 for fines. All prices are c.i.f. China."
"OHM average quoted in its quarterlies across the period Mar 2017 to Dec 2018"
You picked the highest period price in 10 years, I wouldn't say that is a fair comparison.
The next E25 report will be late January, I'll wait and see how that report turns out.
Lets see how much profit/loss is.
E25 Price at posting:
$1.03 Sentiment: Sell Disclosure: Not Held
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