Very nice that within only 14 months of the publication of the final feasibility study, the leap to the producer of manganese concentrate could be made - BIG compliments to everyone involved !!
Level 1 is currently priced in the course. The next steps are levels 2 and 3 (growth / expansion of manganese concentrate and future producer of manganese sulfate for the battery industry), which in my opinion should not yet be priced in the current price. The drivers for future price increases are likely to be the coming figures (here we see margins for the first delivery), the publication of the PFS for battery manganese and maybe even an acceptance agreement / cooperation with a car manufacturer ?!
Price targets of 7 - 8 AUD would be within the realm of the possible if the news was good!
Ann: Element 25 Marks Historic Day With First Ore Shipment, page-27
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