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Normally news of an uneconomic project is just bad news. However, EEM is at a low price right now. 0.07 might be a great low, but it’s going to be a long hold time. I’ll have to gry to project some numbers on EEM prices in the next 5 years, but I agree the trend of the next few years should be up, up, up. If the mine costs get down below $250 million…
My only comment at this point John W is that Larry is definitely not a quitter.
My above comment is a little incoherent (what else is new). EEM is electrolytic manganese, the premium-grade, premium price stuff, but it almost looked like a stock symbol the way I wrote it. The price per share of AMY.V is 0.07, which is very low and easy to put on a position for little money. Commissions might actually cost more than the stock. And if the mine can be built for less than $250M (which is how it was originally business-cased…then it grew in cost, per the lower-grade manganese found in the deposit), then the company has a real shot. But it’s going to take time, and a rise in EEM prices.
TYVM Al and Larry for the quick response….I know things will turn around for Larry. A lot of companies are in this position right now…times will change and this baby will be built.
I would have to agree with you, Tom.