A few snippets from the conference callWe did not proceed with...

A few snippets from the conference call

We did not proceed with the decision to ramp up the mine largely because we had set ourselves a 50000 BCM per day target for a 3 month period to make sure that the pit design, the equipment which we were using was capable of delivering 4.5 million tonnes, which is the ramp-up plan. And that was largely hindered because of excessive rainfall. So that still remains the target..
The expansion will make a lot of sense considering some of the big manganese mines will be finished in the next 5 - 10 years.

- Target for 2022 financial year 3M tonnes high grade and 0.3M - 0.5M tonnes low grade
- we see no reason to deviate from the 90% plus dividend payout ratio

- China stockpile close to like 6.7 - 6.8M tonnes. Normal historical level around 4.5M tonnes
It will probably take 4 - 6 months before the China stockpiles will start to go down with the rest of the world starting to consume the manganese and not everything being sold to china

- Cost basis about $2.20 FOB