MZM is in comparison with other manganese explorers like Spitfire Resources or American Manganese unbelievable cheap. On average, Manganese Explorer are valued at about 25-35 AUD /t. of manganese. MZM has 64.7 Million Tonnes @ 11.2% Mn = 7,2 Mio. Tonnes Mn and a marketcap of only about 22 Mio. A-$. So MZM is valued at only about 3,00 AUD/t. Mn.
