So if I've got this right every 10c increase adds about 1c profit per share.
The upswing on the 37% has been ess than higher grade but would have to be around 70c so far from the lows.
At $4 dmtu fob Im guessing around A$200m profit.
Combine that with $73m in the bank and this is insanely cheap.
Manganese ore prices starting to move UP, page-69
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