I'm not sure that is quite true really. The Manganese price remains close to the recent high and ferro-silicon is far more uncertain recently. As mentioned before, OMH has close to $500m in debt and JMS nil debt and A$71m cash. JMS has a high grade iron ore asset at Mount Mason that is close to production with the Esperance Port available. Mount Ida could be brought into production fairly quickly if iron ore prices improve further.
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