The latest Investing Matters Podcast episode with multi-award-winning fund manager and international bestselling author Lee Freeman-Shor has just been released. Listen here.
I thought there would be more volume given we know russell and the team are going to Togo.
Then again ,we have been here before. Perhaps people are waiting until good news is confirmed.
Hopefully that is what will happen..
Mentioned here in rns 6th Nov 19.
Details
Keras' key focus has been on advancing its Nayega Manganese Project in Togo, West Africa, to commercial production. Post the award of the Exploitation Permit, the Company will hold an 76.5% interest in Société Générale des Mines SARL, which holds the 1,385-hectare ("ha") Exploitation Permit and the 9,427ha Borgou Research Permit. The Project hosts a current JORC Compliant Mineral Resource of 13.5Mt @ 11.1% Mn and an Ore Reserve of 8.48Mt @ 14.0% Mn with additional upside identified through exploration work. The known deposit at Nayega covers 2.2km by 500m and averages 3.3 metres in thickness. An internal Definitive Feasibility Study demonstrated the current LOM of 15 years, however, with ongoing exploration on the Ogaro anomaly, located approximately 5.5km east of the Nayega Resource, the Company is confident that there is the potential for the LOM to increase.
Chesh. Is your Russian bird here...
https://en.m.wikipedia.org/wiki/List_of_birds_of_Russia
Maybe 1 or 2 lines below frigate bird...:-)
Your calcs are based on metric tonnes. Manganese is traded in Dry Metric Tonnes or DMT. 1 DMT is equivalent to 1 hundredth of a tonne approx.
If you take the 6500t per month x100 you should get a better idea of figures.
Also depends on mg content.
If you check back to posts on 27th by markyess and pinecone you will see figures they have come up with.
I'm happy to be corrected if I have this wrong???