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.
GOT Price at posting:
88.0¢ Sentiment: LT Buy Disclosure: Held
