ROL
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0.00% 48.5¢ robust resources limited

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  1. Discocopper
    268 Posts.
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    09/04/13
    10:13
    Post #: 11619745
    Just some more info on prices for manganese ore (sourced from http://www.shawriver.com.au/IRM/Company/ShowPage.aspx?CPID=1318&EID=34269788 )

    Current price is around $7 per "dmtu" that is "dry metric tonne unit" (same as iron ore). So for 40% Mn that is $40 x 7 = $280 per tonne of ore. So at a gold price of around $1550 per oz that makes the Mn ore equivalent to about 5.5 g/t Au. And its sitting at surface.
    ROL Price at posting: 30.0¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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