I'll tell you why (in my opinion) I think this is a good buy and why Bahar's opinion is justified: SRR appear to have a massive (i.e. big and thick) manganese deposit in the same style as Woodie Woodie. This has been confirmed at surface by a long-time Woodie Woodie expert geologist. The outcrop looks good and Mn grades are high and Fe grades low (Fe is a contaminant in manganese ore).
Some other companies around Newman have shale hosted manganese beds, including those mentioned on the SRR thread as being 5 times bigger than SRR's. The problem with shale-hosted Mn is that it occurs in thin laminar beds which are difficult to mine cleanly and have low tonnes per vertical metre (high mining Opex). As a result I think Vinxe's deposit is potentially much better. Add to that the location wrt to port, the backing and total support of AGO, and you have a clear winner.
Now it all comes down to the drill results.
This isn't a ramping attempt. I'm sticking with SRR. Make your own decisions.
Regards manchook
SRR Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
