GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Gulf's Kupang Smelting Hub Facility Fully Funded, page-26

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  1. 4,695 Posts.
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    Well its good news for GMC shareholders that money will be forthcoming to complete the smelter. Didn't I say that GMC need another $15 million. Every GMC shareholder said BS, well they need the $15 million minimum. So who was right????
    However churning out ferro-manganese by mid 2018, I can't stop laughing about that one, must be April fools day. Maybe by year end they'll possibly get it ready, but no way are GMC going to produce FeMn at a run rate of 30,000 tonnes/pa any time this year.
    The next big hurdle will be the cost of power to produce FeMn, GMC is so far off the mark with the cost of power/electric that I'm surprised the investors haven't done their sums.
 
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