Nice post Jeans_Sammy,
I think you have miss priced manganese, current prices are at $1650 per tonne http://www.infomine.com/investment/metal-prices/manganese/
Looking at GMC website they estimate production costs at $1042/tone leaving a profit of $600+ per tonne at current prices. Looking at the link above manganese prices have also been 2 - 3 fold higher in the 10 year history. so profit margins can be from $600 per tonne to $1800 per tonne.
So many factors make this a green light investment to me.
Can somebody please work out the potential dividends on GMC, @voncee you seem to be good with figures, any chance you can do the crunch for us investors.
Thanks
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Nice post Jeans_Sammy, I think you have miss priced manganese,...
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