comparing two maganese companies, page-3

lzaloker sorry but you are misinformed
at OMH Mine grade is around 28% before benification which raises it to 45% at mine site CSM has an export grade around 48% from memory.
Bootu creek is lead by Paul Chapman he is the MD very capeable ex Reliance and WMC,(know the guy from work) but yes head office is in Singapore, and the Chairman is Singaporean-is that a problem?
All steel has Mn from around .8 to 1.5% from memory
Yes there have been a numer of delays with the project the contractor walker went broke earlier in the year which did not help and previous MD Trevor Tennant was given his marching orders
Present contractor is also part owner of the rail line
WHat Zen did not mention is that to date the company has made all its money from trading Mn so when Bootu goes into production the pe will be even lower.
Also OMH has 25% of company territory iron as a bonus.
It will cost 10 million to upgrade Bootu to the same capacity as CSM 1 million tons per annum, and the resource is easier to convert to reserve status and is far larger than CSM has.