The manganese is pretty exciting I feel. If they can develop a manganese resource it will be worth a fortune. Pallinghurst and Palmary bidded Consmins up something cruel. It is rare to find such high grade deposits and I think that dicovery will cause quite a stir in the Mn industry as Mn hosted by the Carrawine dolomite hasn't really been discovered outside the Woodie corridor. It will also give increased confidence to players such as Spitfire and Ferraus who have tenements reasonably nearby.
The danger will be if it is only surface enrichment but drilling will confirm. The ore looks to be quite lumpy from the photo which is a good sign.
If the company was to become an iron and Mn producer it will be close to being a one stop shop for steel. That is a fair way into the future.
announcement, page-2
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