Weekends bidding saw the Manganese Ore price hit new highs once more, all grades up, our 44% benchmark now sitting towards $9.50 dmtu. From the feedback on the ground much of the Chinese Government's Trillion plus spending is yet to kick off so their is every possibility that we will see higher prices and for a sustained period of time.
Prices over the past few months are well above the forecasts used by Petra Capital for the coming year, they reference $6.40 and allowing for discounting $4.72 dmtu. So based one the current commodity price would assume their target share price of $4.53 is very modest.
So it all comes down to the operations and achieving sustained name plate in the coming quarter and beyond. JB you have had a full year to get things running smoothly as what was conveyed to shareholders as a simple mining process. Get it done or please for the best interests of everyone let's get it in the hands of a team that can drive this company into the cash printing machine it should already be
E25 Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)