This is the key statement: "Drilling results to date continue to indicate an excellent correlation with trench intersections, confirming that the mantle mineralization persists regularly in the saprolite zone and continues as proto-ore in the fresh rock." They want a simple surface extraction to keep costs down (saprolite zone) and the property appears to be proving up very nicely. We should see production in 2013.
I was more-or-less told to buy this stock when it was
.60 and hold it for five years. The potential is well in excess of $5 with $10 possible. Assuming the market for manganese is solid this will be an excellent investment.