E25 8.70% 21.0¢ element 25 limited

Ann: Suspension from Quotation, page-15

  1. 12,109 Posts.
    lightbulb Created with Sketch. 1759
    To make matters worse the manganese ore price has collapsed as well. Now down to US$4.43/dmtu CIF China.
    Losses will increase further.
    It costs A$127/t to the mine gate = US$2.80/dmtu
    It cost A$201/t to the port = US$4.43/dmtu
    Freight cost is US$18/tonne = US$0.60/dmtu
    Discount to OMH for buying and selling in China 10% of selling price = US$0.43/dmtu

    By my calculations at the current Mn ore price E25 =US$4.43 + US$0.60 + US$0.43 = US$5.46/dmtu

    So E25 is losing US$1.03/dmtu or A$47/tonne.
    On 300,000 tonnes annually = A$14 MILLION LOSS
    Sounds like good business.
    OMH is doing OK they make a profit regardless.
 
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