punting on manganese in namibia, page-3

Have just done some back reading dating from 2 years ago. During this period the number of shares on issue has doubled going from 451.6m - 903m. So per share the value during this period has become 1/8th equating to a fall of 87.5%... half what i originally stated. (options are about 50m in number with so many changes due to expirations etc i'm not bothering to do a detailed comparison).

However, i was too conservative in saying resource tonnage has doubled. It's gone from 6.8m -17m tons and increase of 2.5x! So per ton of resource the SP is cheaper than ever.

Note: the 22.5% Mn is 'in situ'. Using a simple benefication process the ore is readily upgraded "to between 36-42% Mn content which makes it a very saleable product". Quote taken from an early IV with BRR.