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You started down ramping here from 30c or thereabouts from...

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tomchena

909 Posts.

85

04/11/21

20:59

Post #: 57327434
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Originally posted by rocket973: ↑

Production costs will go up, not down. When E25 ramps up to 1 million tonnes annually this could lower C1 costs, however its not till H2 2022, ( according to the announcement)
The cost of trucking so many tonnes of manganese over a large distance will be the death of E25. Producers of manganese ore or iron ore who transport by truck will go broke eventually when prices go down. There is no detail on the cost of truck transport and this will be increasing with the oil price.
The cost of labour is only going to increase, the cost of equipment and repairs will only increase.
I can see no possible way for E25 to make a profit, if it was DSO then it could stand a chance, but the extra transporting and benefication process is always going to be a problem which I said from the outset.
I've always been howled down, but so far I've been proved correct.
The drop in shipping rates has helped for sure, but the loss of A$65/tonne remains
Its just like iron ore, low grade producers suffer the most. E25 is low grade.

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You started down ramping here from 30c or thereabouts from memory. Good that you are still here, I am looking for a re-entry.

E25 Price at posting: $1.29 Sentiment: None Disclosure: Held
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(20min delay)
Last 25.0¢		Change 0.005(2.04%)		Mkt cap ! $54.38M

Open	High	Low	Value	Volume
25.5¢	26.5¢	25.0¢	$83.21K	321.0K

Buyers (Bids)

No.	Vol.	Price($)
2	60046	25.0¢

Sellers (Offers)

Price($)	Vol.	No.
26.0¢	20000	1

View Market Depth

No.	Vol.	Price($)
2	60046	0.250
3	139987	0.245
2	15000	0.235
2	7026	0.220
2	50000	0.215

Price($)	Vol.	No.
0.260	20000	1
0.265	150000	2
0.275	1840	1
0.280	10000	1
0.295	37500	1

Last trade - 16.10pm 02/05/2024 (20 minute delay)


Last 25.0¢			Change 0.005 ( 2.04 %)
Open	High		Low	Volume
25.5¢	26.5¢		25.0¢	94781
Last updated 15.50pm 02/05/2024 ?

E25 (ASX) Chart