| American Manganese on Resource Intelligence TV
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| Tags : american manganese, larry reaugh, manganese mine, |
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American Manganese on Resource Intelligence TV's Description
 With its recent name change from Roche Deboule Minerals, American Manganese Inc. now clearly states the business in which it expects to truly make its name. Manganese is another one of those metals that most people may have heard about but probably couldn’t distinguish from magnesium, much less care about what it’s used for. Without manganese, however, not much could be built or made in the modern world, and that’s the opportunity which makes American Manganese (AMY) such an interesting investment story. Sitting on over $10 billion lbs. worth of indicated and inferred manganese currently trading at $1.31/lb. in Arizona gives the company the largest known low grade deposit of manganese in the Unites States, according to the US Bureau of Mines, and the largest potential source of the metal outside of China. We spoke with Larry Reaugh, AMY’s president, to get the big picture on how his company could play a very important role in reestablishing domestic production of this key metal which the US now has to rely on foreign sources for its supply. |
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