MAN mandrake resources limited
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Ann: Maiden Inferred Resource of 3.3Mt LCE, page-78

  1. AppinTR
    499 Posts.
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    22/10/24
    12:44
    Post #: 76240644
    Here are a couple of companies to use for LCE comparisons
    LEL total MRE indicated & inferred of 3.3mt LCE @ average 400mg/l current MC $38m (pending sale of Lithium project for $ 97m US)
    LKE total MRE indicated & inferred of 10.6mt LCE @ average concentrate 267mg/l MC $130m
    MAN inferred MRE 3.3mt LCE @ average 70mg/l (assumed) mc $16m

    The comparisons while not totally accurate paint a pretty clear picture, MAN has lower concentrates which makes it less profitable to process.
    MAN Price at posting: 2.7¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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