GMC
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0.00% 0.6¢ gulf manganese corporation limited

Again. The company has stated their costs are $793/US tonne. I...

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  1. notlistening14
    1,908 Posts.
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    22/02/17
    20:20
    Post #: 22824110
    Again.

    The company has stated their costs are $793/US tonne.

    I have factored in 42% dilution. That was in addition to the FULLY DILUTED 1.8bn shares. If you want to factor in even more - say 50-60% dilution and a lower 78% ferro-Manganese spot price then the current $1800/US/t, the figures with just two smelters are still impressive.
    Last edited by notlistening14: 22/02/17
    GMC Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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