MORE MANGANESE ORE PRICE INCREASES, page-57

The stock is off today as weekly FOB price dropped to just above 4 dollars, but i am going to make a prediction that 37% grade price will begin to move up following last s32 update. The margin between 44% and 37% is at a record high and i think it will narrow significantly. this happens in IO where the higher grade and lower grade gap can very significantly

I am using this as an opportunity to build a position. its not often you find such a long life mine with minimal sustaining capex and the ability to step up prediction quickly and simply at minimal cost as mining is contracted out

I am expecting./hoping for 1m t sales last quarter with extra low grade sold in June over and above the 100k guided. Irrespective I am confident the low grade sales would have stepped up in June /July . particularly July where pricing was 3.80