ROL 0.00% 48.5¢ robust resources limited

Ann: High-Grade Manganese Assays Support Romang Island Project, page-3

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 268 Posts.
    lightbulb Created with Sketch. 3
    Stanhill's tactics are to suppress ROL's share price and insult its shareholders, so don't hold your breath.
    Meanwhile this announcement confirms the high grade nature of the manganese mineralisation: very likely to be direct shipping ore with no absolute need for building a beneficiation process plant (although it might increase value).  Having said that, I'm a little surprised that Fe, SiO2, Al2O3 and P assays weren't reported at the same time as if any of those are high it will affect the product price.  The Mn numbers are high enough that this shouldn't be an issue.  Mn oxide is currently selling at $4.28 (see below) which makes a ton of ore at 42.5% worth $181.90.  Last years Mn resource was 566,000 tonnes at 42.5%, so potentially $103 million dllars worth in ground value.
    "Metal Bulletin is a paid subscription service so please share this content using the link below. By copying and pasting you might be in breach of our copyright, please refer to our T&Cs. Email [email protected] for distribution rights. do not advertise external sites/Article/3363379/Manganese-ore-prices-stable-as-miners-roll-prices.html#ixzz38At19zKr
    Follow us: @metalbulletin on Twitter
    Metal Bulletin's index price for 44% manganese ore, cif Tianjin rose 2 cents to $4.28 per dmtu"
 
watchlist Created with Sketch. Add ROL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.