ROL 0.00% 48.5¢ robust resources limited

Stanhill's tactics are to suppress ROL's share price and insult...

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  1. 268 Posts.
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    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.
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    Metal Bulletin's index price for 44% manganese ore, cif Tianjin rose 2 cents to $4.28 per dmtu"
 
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