Was just having a read of JMS, Jupiter Mines as they have a...

Was just having a read of JMS, Jupiter Mines as they have a manganese mine in Souht Africa that seems of comparable grade and tonnage to AXE, albeit at a much more advance stage than Archer.

Their presentation provides some interesting insights into the potential for a high grade/high tonnage magnesia mine. Their spot prices for magansia has almost double this financial year and hence so have their profits , they sold 3.34Mt this financial year making $202mil in net profit after tax , more than double what they made last financial year after selling 2.27Mt.
If spot prices continue to trend up this will be incredible for AXE in terms of securing partners/producing in the coming coming years.

However I do wonder wether manganese is a mineral that is able to be readily supplied by many miners across the world and could hence dilute supplies and ensure spot prices won’t inflate to a great degree. It would be ideal if it manganese would remain in this imbalanced supply/demand ratio so spot prices would continue to rise.

I like the potential of AXE and will be looking to buy in once some I am able to free up some funds.