Now the iron ore will be sold at Ex-gate price, or course it will be lower than the FOB, CFR price announced before.
"All I ask and expect from forums like this is to be truthful and give facts,not ridiculous statements about future price and unfounded information."
The facts are the production has commenced, company is planning ramp up to 1.5Mt per year after 2 years.
Production is keep going, plant is running, buyers are quoting....$13m has been invested, 3000m drilled, orebody confirmed. These are all not Facts for you??
I believe you are a professional tarder, so I donot doubt you can not workout the valuation for a company produce 400kt per year.
My "statements about future price" are ALL based on my trading experience and ALL of the figures from the NSL announcements.
If you donot agree a company making $10-15m profits per year is worth $50m, what I can say to you?
Why NSL's announcement are "unfounded information" in your eyes?
NSL's directors working hard on these 2 projects for 3 years, they well know the resource base and keep topping up their holding. You mean they are also silly?
Good quality resource like SDL also comes together with high risk, 15 days to go, what happen if Hanlong cannot get the $6 Billion funding? SDL already made decent SP loss and hurt its SHs. I can tell you there is no way for the Chinese gov to put money in an NON-STATE OWNED company, it also will be against by the state owned steel companies like Wusteel and Ansteel. What's the points? the Chinese gov/banks take all of the risk just for helping small number people who are running a private company then further hurt the Chinese steel industry?
Regards
NSL Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
