Valid thought Maffs. It’s an interesting and potentially...

Valid thought Maffs. It’s an interesting and potentially valuable addition to both the esr portfolio and T-L mining opps, even if it is used to cover manganese mining costs.

Not a limestone expert - have shipped it and it’s an easy bulk cargo - but there are a couple (at least) different types and that will determine their end users.

Esr reps in Indonesia are a good sign, as that would be a quick, relatively easy shipping destination from TL. Although current port facilities will limit bulk shipment size. But smaller regular shipment might suit the TL to Indo trade.

Price & supply wise it’s pretty stable with some growth expected IF China has another growth spurt + maybe India.

A possible challenge is China. They are a major supplier and as we’ve seen with other minerals, not shy in swinging their dicks around to ‘adjust’ markets to their benefit. Whether they’d bother with limestone or manganese will probably depend on whether they think they’d get much influence or benefit out of it.

Just my wet Sunday guesswork. Don’t bank on that!