Good to see them operating at nameplate. Shipping costs are still an issue going forward at current levels...these need to drop back to something a lot closer to long run average before there is any money to be made from the ore side of things. Mn prices are nowhere near high enough to compensate so even after costs have reduced still too high to be producing profit. I still have a concern that the capital raised to fund the ore mining expansion has potentially been at least partially used and that last quarters numbers when released will be pretty ugly, so personally, now that it has had a decent correction a little caution required IMO. All the upside is in the battery business, and still a bit of work to be done there and a bit of time required.
E25 Price at posting:
$1.46 Sentiment: Hold Disclosure: Held
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