eureka, page-5

My calculation was refering to Alecfras quote from the Eureka report (as per this would be the basis of his evaluation).

Even so, you cannot use manganese price as its in ore, so would have to be heavily refined to make pure manganese (worth 3.43$/kg).

if you want to use pure manganese price, thats fine, inground value is now:

3430*4370000 = 14.9 billion dollars. WOAH THATS LIKE 1.50 (10% of 14.9bil /1bil) PER GCN SHARE.

sigh, have a read on what manganese is, what its used for and demand. You cannot use the pure metal commodity price in this case.