lt industry fundamentals excellent

What a couple of weeks it has been! Nevertheless, those with a longer time horizon than a month-or-two should not be overly troubled by what has transpired in terms of share price performance over that period.
The fundamentals for the company remain excellent. Mgt are genuinely excited about drilling results to date and with 95km of strike to work through, there is little fear that 10Mt of reserve won't be attainable. If a JORC resource of 10MT is possible, a share price north of $3ps remains a medium term goal.
Further, the fundamentals of manganese get better and better. Macquarie has kicked off its Australian Equities Conference. One to the presenters manganese producer OM Holdings (OMH) believes that Chinese domestic manganese ore production is slowing and is increasingly high cost (sees a range of $710/mtu) and, importantly, does not see latent capacity from high-grade producers to replace the fall in manganese units from Chinese domestic ore sources. As such, it foresees manganese ore prices reaching $10/mtu sooner rather than later.