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21.0¢ element 25 limited

Re: E25 Quarterly Report, page-18

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The Alchemist

1,755 Posts.

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11/05/20

08:01

Post #: 44541192
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Originally posted by The Alchemist: ↑

The issue with the 37% conc from almost all mines is that manganese is a accumulator metal. Where you find Mn ore it is dirty - iron, a bit of copper, maybe antimony, perhaps some arsenic, phosphorous etc. That costs money to extract and produce clean Mn for either Mn metal / metal sulphide of for very high quality Mn steels. The deposit E25 has is a freak - it is an ancient, weathered orebody which has had all the nasty elements. It may be a little low on grade but it has benefits as it won't be hit up for being a dirty concentrate. So the vale will be less than 37% concentrate - but not by a lot.

I would expect that once the operation is selling concentrate that a pilot plant will be installed on site to produce manganese metal and manganese-metal-sulphide to bring in an offtake agreement or a Japanese/German partner to fund the bulk of the plant.

Going this route puts us in a better financial position and therefore a stronger bargaining position. This will take a little longer, but for the holders, it will bring larger returns in the end.

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omitted the word "removed". The nasty elements have been leached out - which is a positive.

E25 Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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Last 21.0¢		Change 0.005(2.44%)		Mkt cap ! $45.08M

Open	High	Low	Value	Volume
21.0¢	21.0¢	21.0¢	$1.05K	5K

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No.	Vol.	Price($)
6	57775	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.5¢	10911	1

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No.	Vol.	Price($)
6	57775	0.205
6	88157	0.200
1	10000	0.185
3	75528	0.180
2	15882	0.170

Price($)	Vol.	No.
0.215	10911	1
0.220	27777	1
0.225	163508	2
0.235	2148	1
0.240	3882	1

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