Does any one know the price of manganese ore? Quick googling shows $2000/ton for the metal but $3-8/ton for the ore.
With lenses only 40cm to 3m wide and perhaps 30m deep you're not pulling much tonnage out. Can't see either site being viable.
At the end of this quarter there will be $650k left in the bank. The current drilling cost $250k plus $60k in stock (now worth $40k). Admin is running at $100k/qtr. Reckon there is one more drilling effort left before a CR. And after the blatant insider trading and poor management in the last drilling campaign I'm not sure share holders will be very generous.
Ann: Mary Valley Drilling Program, page-60
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