WangChung - In 12 months time, why on earth would Groote have a market cap of $320Mill when they will probably be sitting on a manganese deposit worth over $2Billion?
This is shallow, soft sand and the rich manganese lies just meters beneath - and adjacent to port facilities ready for shipping to China. I would have thought this poses far less of a concern than, say, an ore deposit discovered by a junior explorer which is 50 meters beneath the surface, rock-hard and situated in the middle of no-where. There's simply no comparison. This manganese will be found and it will be mined.
Don't kid yourself mate - $10 bucks will be no problem for this beauty.
Some of Australia's richest men will spawn from the board of this company, and I'll be there to party with them.
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