Hi Fisho. And every miner which has discovered large Manganese on their tenement has done a large off finance take agreement with either Commodities trading holding like Noble or directly with a large Chinese steel Mill.The cash comes straight on the Balance sheet straight away to fund Business activities and further development. Manganese is very sought after by Chinese steel mills. Minimum 44% is around $270 a tonne, and more higher for better grades. South Africa/ Namibia has a lot of trouble developing Manganese tenements as they don't have the infrastructure in place.
Let the buffoons talk this down. IFE TRF have made a great discovery here which extends for over 3Km. China wants it. Let's hope they hit some really rich Manganese grades of 40% +
TRF Price at posting:
7.5¢ Sentiment: LT Buy Disclosure: Held
