It's not about losing weight as rocks dry out. Every bulk commodity contains a certain percentage of water. Buyers don't pay for the water content of the product, so they pay on the basis of dry tonnes. In manganese, that is a dry metric tonne unit (dmtu) which is basically a 10kg parcel of Mn metal.
The initial e25 PFS announcement stated that:
I think utilising 6% as an assumption in my cashflow forecast is actually quite conservative.
LockyG101 - what do you think, based on your experience, is an appropriate moisture content assumption?
E25 Price at posting:
$1.29 Sentiment: None Disclosure: Not Held
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