why you haven't done your great entrance stating "sorry guys, New to manganese, can anyone help me to understand the units used in this industry, etc etc".
we would have all jumped to help, as this is a powerful and knowledgeable team in here. There is a good mix of knowledge and we welcome people that can contribute.
you might not know at present units rationale, but now you have been responded by few with info. Correct, price per tone is dmtu x grade. If its 33%, then multiply by 33. Same for opex.
Indeed at present opex is high compared to other mines with economy of scale and depreciated assets, and cheap southafrican labour, or standard cheap energy cost.
this company was a pie in the sky 12 months ago, now they are learning to operate and growing month by month.
its about to increase production x3. Better economy of scale AND generating the raw material for the next stage, become a chemical company. Not for the faint-hearted stage.
this will take $150M- $200M, and a new set of skills required.
Pretty sure that won't be able to do it on its own, but they might have a go, given the voracious Managing Director.
Management is everything. Anyone can have a tenement, but the philosophy and delivery consistency is always underrated.
I call Just Brown, the Postman. He always delivers.
next stage is PFS, due in handful of weeks.
re-rating expected. Low float, incredible financials, and a market sector that is hotter than Jessica Amir.
I hope your next post says "sentiment Buy, Disclosure Held".
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