2m tonnes of low grade stock piles from quarterly call
Tony Gu from Datt capital saying he was seeing quotes for 3.80 for low grade last month . Even if they can get it away at 3.50 , that is some serious extra money . 100k shipped in June . I think they may offload 1 m over next 6-9 months - that will provide a big cash flow boost
by my calcs - 1.50 dollars higher USD equals 217m AuD ( 1.5x 145 ) roughly extra EBIT for Tsipi over 12 months. One can make a case for a 4-5c divi this year if prices are sustained above 4
MORE MANGANESE ORE PRICE INCREASES, page-43
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16.3¢ |
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Mkt cap ! $318.5M | |||
| Open | High | Low | Value | Volume |
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