Very little of the ore is DSO and trucking/shipping costs at the current ore price mean it is not profitable to mine at this point in time IMO. E25 have stopped selling ore for these very reasons.
Manganese pricing has always gone in cycles so when the price is higher they can give the project to OMH and take a royalty or they can sell the interest to OMH. Either way they will see a return without providing capital that they dont currently have.
Unless one of their other projects provides significant revenue I dont see BYH being able to fund their 49% share but you never know.
I bought a few of these some weeks ago as the price was tempting, not that long ago they where 6c.
Very little of the ore is DSO and trucking/shipping costs at the...
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