Where will E25 get the manganese from if it closes down its own manganese operation?
E25 needs to ramp up its manganese operation. At present E25 is only producing and delivering 50% of the contract agreement with OMH. E25 needs to produce enought to fulfill its contract with OMH first.
OMH will be barking at the door shortly when all the manganese alloy furnaces come on line over the next 2 to 3 months.
OMH needs up to one million tonnes of Mn ore annually.
The HPMSM Feasibility is progressing well, no doubt about that.
E25 does need to concentrate more in upping production, improving quality and lowering costs. This needs to be done yesterday.
E25 also needs to start reporting in a fashion where investors can understand the costs and a C1 cost in a quarterly report would be a good start.
E25 Price at posting:
72.5¢ Sentiment: Hold Disclosure: Held
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