You should look at OMH Financial Report to get some perspective on the price for manganese ore.
For 2021 full year OMH had an average sale price of A$4.22/dmtu for Bootu Ck Mn ore even though the price was up to US$5.60/dmtu on MB.
OMH C1 costs ranged from A$3.80 to $4.96/dmtu during 2021.
OMH lost money on producing Mn ore at Bootu Ck at the rate of A$50/tonne.
$84 million for sales of 697,328 tonnes = A$120.45/tonne average grade 28.5% =A$4.22/dmtu
OMH lost A$35.1 million FY 2021 Therefore it cost OMH $170/tonne to produce Mn ore
and loses A$50/tonne.
OMH ships by rail not by truck.
Thankfully OMH no longer produces manganese ore, theres more money in producing alloys. ($140 million profit)
E25 Price at posting:
$1.00 Sentiment: Buy Disclosure: Held
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