What do you think @PirataCzornomaz, I haven't had time to digest...

What do you think @PirataCzornomaz, I haven't had time to digest but these numbers look to be on par with calculations i've previously put up?
But capped the study at 150ktpa, whereas I had run on 300ktpa (and returned $3b NPV8) - ps good to see the lesson learnt and NPV5 was not used again.

150ktpa does seem low to me, particularly as it's the bull case presented in the SS, I think it has to be due to the size of the current market.
Coming out with a SS that is more than that without any offtakes or even potential partners locked in is probably too bullish.

If Manganese gets a run in the media this could fly but the market still seems asleep here - will they wake up is the question? With $200m capital requirement and high purity production out to 2025, is anybody going to rush to buy while the underlying Mn Concentrate business posting cash losses?

I'm thinking post the December quarterly (as I expect it to be an ugly cash loss) could be a nice time to dip the toes back in.