E25 needs to publish its C1 costs and TCC, otherwise its just a guessing game.
The current manganese ore price is almost 1/2 what it was a 4-6 months ago, so E25 must be losing money.
The next quarterly report will show a substantial loss.
manganese ore index, 44% Mn, cif Tianjin, was $4.61 per dmtu on December 2, up by 5 cents per dmtu (1.10%) from $4.56 per dmtu.
99.95% High Purity Manganese, page-767
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