I did the same math as everyone here and honestly I'm not even too concerned with quarterly if shipping delays have impacted things because thats just the market right now.
For me this is a 40 year LoM with no debt that will produce until its empty or the manganese price drops way too low. I'm looking 2-3 years in the future with 1mtpa and a hpm operation and then once the debt is paid off dividends pouring in Year on year on a nice capital gain.
And who knows with an ambitious team and a few years of cash if you plan to hold well into the future maybe they looking to become a multi plant operation, many copper/gold mines follow this process ending up with 2-3 mines. Interestings times ahead
E25 Price at posting:
$1.85 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)