Sigh,its 51% MnO2? not even 51% actual contained manganese.. I...

Sigh,

its 51% MnO2? not even 51% actual contained manganese.. I assumed GCN couldn't feck it up any worse, but 51% MnO2 is a lot different to 51% Mn.

Manganese ore (MnO2) at 49-50% goes for 9600 INR or 174$ australian per tonne (metric). source: http://www.metal-pages.com/metalprices/manganeseore/

and through alibaba you can buy personally (not international pricing): http://www.alibaba.com/product-free/109067551/Manganese_ore.html

260$ US, or 240$ australian per ton!

(btw, .5$/lb = 1.1$/kg = 1100$/tonne, very overpriced unless it is manganese ore (Mn) or Manganese Oxide (MnO) not Manganese Dioxide (MnO2)

without refining it to be manganese or managanese oxide, you are looking at a total resource value inground of 800million dollars, remember this is inground..

sigh..

as I have said previous, less than 30mil market cap for First mongolian if this is their only asset.