yes the time line has been pushed back but so what, we end up with a much better project in the process
do you recall back in 2011 the Chinese wanted to become a strategic partner in Lynas and were stopped by the FIRB, so Lynas found ways to proceed without the Chinese, and where are they now ... suffering massive destruction of shareholder wealth, a business plan that sets them up to compete with the Chinese, and producing, are yes producing 100% of the cerium in the mix.
The only one that has done well out of Lynas is the broker that took all the underwriting fees, and now the Lynas share price is weighed down under a sea of 3.4 billion shares swimming around looking for a home, and lets not forget that most institutional shareholders have now deserted the Lynas share register
now NTU strategic investor Chinese company Jien Mining has completed it's optimization work and next thing we know NTU is to remove 90% of the yttrium, reduce underground mining costs, and improving revenue measures, now with a new Scoping Study due the end of this month - all will be revealed on just how valuable the input of our strategic investor optimization work has been
my point is simple, NTU is progressing in a diligent manner
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Mkt cap ! $147.0M |
Open | High | Low | Value | Volume |
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8 | 2697497 | 0.016 |
Price($) | Vol. | No. |
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0.022 | 3381286 | 6 |
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