Add to that their huge plant at QIUZHOU China and their marketing and distribution company based Singapore which also operates in China. These Two companies alone would probably exceed current market cap.
No wonder last year their was a plus $1.70 fair value placed per share, even with current issues around the world the marketing and distribution company has grown and elevated the fair value.
Interesting to see what happens as more investors discover the fundamentals behind this group and comparing them to their current investments.
Ann: Memorandum of Understanding E25 Manganese Product, page-32
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