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82 Posts.
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08/07/08
20:14
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Hey Cabe - about your comment on size of this manganese project vs last one....
I just pulled up the last announcement where they said they were targeting 6-10MT with a "grade range of 20-24%" . Thats on p 3 of the old ann.
This time they say they are targetting "10 million tonnes of medium to high grade manganese
mineralisation (>34% Mn)" Pg 6 of ann.
So.... higher grade (worth more), a more confident statement of target, and less cost.
Downside, as I think you said Cabe is that its not as close to production as the last one was... oh well.
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