Pirata,Have you seen the EMM 99.7% price action in the last...

Pirata,

Have you seen the EMM 99.7% price action in the last week?

It was up 8.5% on Tuesday to US$5,800 a tonne.

It is up another 7.5% today to US$6,250 a tonne.

It was $2,400 only a few months ago.

Manganese sulphate has also been very strong.

We are not sure what prices E25 will include in their upcoming PFS.
Of course they'll be conservative.
Of course they'll get guidance from industry experts/consultants like BenchMark or CRU.

But I presume they'll estimate the annual production of X tonnes of EMM and Y tonnes of MnSO4.
And probably estimate that this will increase slowly each year going forward.
And I suppose the life of mine will be very long, maybe 40 or 50 years.

And I can't stop thinking that the NPV and IRR that is spat out of the modelling/PFS are going to be a very large numbers ??

A massive re-rate is on the horizon IMO.