If you look at the leverage you get from rising Mn prices (because of sale price - fixed production cost+CPI) it is clear that CSM is worth 3x original $2 SP.
I honestly believe that CSM will be trading at $6 by end of year (if not taken out early). You wait and see. Look what MRE did from $2 to $8.
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CSM
cosmo gold limited
noble in consmin spotlight, page-13
Currently unlisted. Proposed listing date: TBA