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Feb RNS stated up to 10,000 tonnes was being exported and yesterday's RNS stated its 5,600 tonnes whiich is not under half. Its possible that they did reach 10,000 tonnes in Jan but due to covid19 restrictions export dropped to 5600 tonnes? I was told that they could easily double what they are producing currently but wasnt aware it dropped to 5600 tonnes until the webinar.
MNH is a company maker on its own...combine this with the prospect of getting the Zulu EPO for its gold and lithium, circum investment to finally come through and RHA tungsten to finally produce and pay its way, this is not just 1 winning ticket....it will potentially be rolled over for a bigger winning ticket benefiting all shareholders.
RNS today actually made it clear what we are voting on...we voting on a stake in a revenue producing mine generating close to $1m per month which represents a fraction of its annual target of 500k tonnes. An asset valued based on plant and machinery only so we are essentially getting the mining and prospecting licences and 2 producing open pit mines for free plus all the development work done by previous owners. Its a lottery ticket containing the numbers you know are going to win.
Can only base calculations based on numbers in the latest rns and the manganese price at the time. Since then it has changed. You can twist words whichever you can but the bottom line current revenu being produced is close to $1m per month.
Assuming you haven't been living under a rock in the last few months, would expect dividends to be the last thing that any company would prioritise, let alone a mining company like MNH. Maintaining a cash reserve is key to get through this crisis.
U need to consider that mnh owns the plant and equipment plus they are the mining operator. This gives them a significant advantage if the price of manganese dips and if it rises like we are seeing today. Future prices of manganese would have been negotiated for the next 3 months imo and I suspect it will be close to $5.
The cost of operation is low compared to other manganese miners due to the fact they own the equipment and machinery and the mining operation is done inhouse avoiding the expense needed to hire a mining contractor.