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0.6¢ gulf manganese corporation limited

come on mate give it your best shot wasn’t enough to make me...

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Shareninja

227 Posts.

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18/08/18

01:15

Post #: 35008316
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Originally posted by rocket973 ↑

Whilst I'm happy for you blokes that the share price has improved.
Its also totally incorrect to talk about 40,000 tonnes of MC FeMn annually for two 7MVA furnaces. Its totally impossible. Even 30,000 tonnes annually is possible but unlikely.
Best learn a bit more about Mn alloy smelting before spouting incorrect info.
Transalloys did produce good quantities of MC FeMn in two 7MVA furnaces previously but it was done by lime-ore melt with Si Mn. GMC is not making SiMn in the first place and to buy it would be an expensive way to do the smelting process if you have to pay market price.
The method that GMC will use is by using FeSi for the smelting.
I did give this info previously.
"The production process making MC FeMn is a slag-metal equilibrium process, stated in the research report as the chemical reduction reaction. The process uses FeSi as the reductant and speeds up the process. According to the research report that was paid for by GMC it states that it requires 0.43 tonnes of FeSi to produce one tonne of MC FeMn. The price of FeSi has doubled over the past year and is currently priced at US$1600/tonne"

It might be time to take profits boys.

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come on mate give it your best shot wasn’t enough to make me sell. Have another punt!

GMC Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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