Great commentary, and good idea looking at another producer to get a handle on Mn con pricing. I thought the Mn pricing might be the “catch” in the study which caused the market to hold back on the stock, so makes sense the current actual price is much lower than their study value. Discount rate of 8% is typical at the moment, but would agree something like 10% probably more relevant for an early stage study in thie current cost environment.
FRB Price at posting:
14.0¢ Sentiment: Buy Disclosure: Not Held
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