Recyclico Battery Materials Inc. (AMYZF)

[Ed from PR]

$255 PPS for AMY prediction. This is an article that I have had for a while (June 23, 2011) and maybe it was shared when it came out. I wonder if this number changed after the new drill results. Wonder how the EMD/LMD would play into this...anyone care to comment?


A look at the company’s profile on ResourceIntelligence.com convinces us further that American Manganese has a winner in its hands. The current NI-43-101 compliant resource estimate of the Artillery Peak Manganese deposit includes an indicated resource of about 92.8 million tonnes grading 3.27% Mn (6.7 billion lbs contain Mn), and an Inferred resource of about 107.2 million tonnes grading 3.76% Mn (8.9 billion lbs contained Mn). Plugging these figures and today’s manganese prices of $1.80/lb into our resource calculators, we get mind-boggling results: the gross project value is about $22 billion, while the gross project value per share is about $255, given the shares outstanding of 87,192,639. Currently, AMY trades at about 58 cents per share.


Here is the link:

www.resourceintelligence.net/hot-stocks-american-manganese/18055