I tend to agree.
DID YOU SEE THE MANGANESE PRICE??!!! THANKS RIMTALAY for keeping his finger on the pulse here. But even still, this price is well above the Ryan's notes price, but in line with what was suggested in the AFR the other week (and which the illustrious leader denied). Now I know these prices are only for a quarter, but even so, this will deliver about $67M (30 cents per share) after mining costs, but before tax and corporate overheads.
IF Mn stayed at that price for the year, that is ~$270M after mining costs, and using all my other assumptions in the earlier post on June 21, then CSM is in line to earn $220M NPAT, or 97 cents per share. Sorry Gilbo, still not enough.
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CSM
cosmo gold limited
increased offer .30, page-3
Currently unlisted. Proposed listing date: TBA
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