Yes Manganese Ore and ferroalloys prices are on a tremendous run of late and are showing no signs of slowing down. The fact is we are more than $2 per dmtu above the PFS forecast! Not withstanding increased running costs in play including transportation, the surge in the underlying commodity price compensates for this and then some.
What we need now is to hear from the MD. An update on production numbers including what they intend to ship out within the April quarter would go along way.
Many analyst's are calling this the beginning of the commodity price run. Inflationary pressures and war times all here and have some time to play out. I'll go as far to put my balls on the line and say we will see $7 before sub $6 ever again
E25 Price at posting:
$1.00 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)