hi charliehave a read of AQA announ 30th March. TAW have 6.76%...

hi charlie
have a read of AQA announ 30th March. TAW have 6.76% of a very large manganese deposit. I believe it will be sold once a 'mining right' is granted.

and from AQA quarterly

"Avontuur
The divestment process for the Avontuur
Manganese Project continued during the Quarter
and final bids are expected during the March
Quarter 2012.

"Avontuur Manganese Project
? The Definitive Feasibility Study for the
Gravenhage Manganese Project was
completed during the Quarter, indicating the
viability of a 1.5Mtpa ROM mine and
processing facility for medium to high grade
manganese ore for export and domestic
supply.
? The Gravenhage Manganese Deposit
Resource (JORC) has been increased to
117.9Mt at 38.3% Mn, 67% of which is in the
Measured and Indicated categories.
? A maiden JORC compliant Reserves
Statement was completed with 20.2Mt at
40.1% Mn of Proved and Probable Reserves.
? The Mining Right is expected to be granted in
the March Quarter 2012.
? Open pit production is forecast to commence in
2015, with underground operations
commencing after five years of operations.
? New manganese discoveries have been made
at the Avontuur and Haakdoorn prospects
where manganese has been intersected in
lodes similar to the high-grade Upper Lodes at
the Gravenhage Manganese Deposit.
? JORC compliant Resource Statements are
expected in the March Quarter 2012 for the
Avontuur and Haakdoorn discoveries. "

now TAW MC is about $19m currently. Its a stretch to say The manganese is worth $19m but i'd say it could be worth at least $6m and 'underpins' the sp. We will know soon.