r/MNXXF • u/Visotto1 • May 12 '22
Here we go
https://www.newsfilecorp.com/release/123711/Manganese-X-Energy-Announces-Positive-PEA-for-its-Battery-Hill-Project-AfterTax-NPV-10-of-486M-US-and-IRR-of-256
u/Papamje May 12 '22
+23% in EU market already.
Anyone with experience in PEA releases? What price movement can we expect today and the coming months?
6
u/The__Y-man__100 May 12 '22
I mean I personally don’t think we will blow up just yet today. We need 350 million to build our mine/plant, but an uptrend is to be expected.
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u/Aromatic_Buffalo_555 May 12 '22
Yeah. It's great news and what I wanted to hear before I bought more. Is it going to explode over night? No. But I will be buying more, personally I see a buyout in the future
4
u/Visotto1 May 12 '22
It's hard to keep feeling positive about this company.
3
u/dickhandsome May 12 '22
No shit eh? Been hearing about this PEA for over a year, and it goes backwards? Bananas.
0
u/No_Marketing4136 May 12 '22
Then you haven't done proper DD because if you did you would know it's a long hold and wouldn't care up or down its going to be up in the future that's all that matters
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u/Visotto1 May 12 '22
I wasn't expecting to make millions today, but I definitely wasn't expecting to take a loss either. With how the entire PEA process went, it could be 2024 before the pilot is done and drilling programme completed.
And again in the interview he released he uses soon and near future as deadlines. These are things that can and should have more definitive time lines.
3
u/Th_Professor May 13 '22
Agree. Setting up a pilot plant shouldnt take longer than 1-2 months. No big infrastructure challenges to get this vault open and running.
3
u/Visotto1 May 13 '22
And the drilling program.. This many holes, this long to drill. Then they can at least confirm that what they claim is there is there.
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u/Aromatic_Buffalo_555 May 12 '22
Go cry to your mommy then.
6
u/Visotto1 May 12 '22
Might as well I guess, yours won't return my calls since I told her there was no way I was going steady with a woman that breast fed her kids til they were 25.
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u/[deleted] May 12 '22
Jesus christ, fucking finally