To make matters worse the manganese ore price has collapsed as well. Now down to US$4.43/dmtu CIF China.
Losses will increase further.
It costs A$127/t to the mine gate = US$2.80/dmtu
It cost A$201/t to the port = US$4.43/dmtu
Freight cost is US$18/tonne = US$0.60/dmtu
Discount to OMH for buying and selling in China 10% of selling price = US$0.43/dmtu
By my calculations at the current Mn ore price E25 =US$4.43 + US$0.60 + US$0.43 = US$5.46/dmtu
So E25 is losing US$1.03/dmtu or A$47/tonne.
On 300,000 tonnes annually = A$14 MILLION LOSS
Sounds like good business.
OMH is doing OK they make a profit regardless.
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21.0¢ |
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Mkt cap ! $46.18M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 21.0¢ | $1.05K | 5K |
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No. | Vol. | Price($) |
---|---|---|
5 | 54285 | 20.5¢ |
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Price($) | Vol. | No. |
---|---|---|
21.0¢ | 30000 | 1 |
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6 | 88157 | 0.200 |
1 | 10000 | 0.185 |
3 | 75528 | 0.180 |
2 | 15882 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 30000 | 1 |
0.220 | 27777 | 1 |
0.225 | 163508 | 2 |
0.235 | 2148 | 1 |
0.240 | 3882 | 1 |
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