GMC 0.00% 0.6¢ gulf manganese corporation limited

Continuous Disclosure, page-11

  1. 4,695 Posts.
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    giuseppe, don't worry about TT2000 he's made the smart decision by investing in OMH.
    OMH has 16 x 25.5 MVA furnaces running at maximum capacity. These furnaces are generating $195 million NPAT pa. OMS has now begun looking at Phase 2 of the plant. Phase 2’s plans involve a 565,000-tonne per annum manganese ferroalloy and sintered manganese ore plant costing an estimated US$150 milion (RM616.5 million). " We believe new arrangements could be made and expect to hear further details in the quarters to come."

    Compare that to GMC 2 x second hand 7MVA furnaces from cash convertors.
    GMC is currently extremely overvalued or OMH is extremely undervalued when comparing furnace capacities and product delivery capacity, this relates to profit capacity generated. If comparing to GMC's current share price, then OMH is worth $3 billion or a Share price of $4.30.
    Just wait till OMH starts producing another 565,000-tonne per annum manganese ferroalloy and sintered manganese.
 
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