"The Company has advised its Indian partners, NLC and NMDC, that the study is complete and have provided a Summary Report ahead of a formal presentation and tabling of the full report.
ECT Managing Director Ashley Moore commented “We’re extremely pleased with the study, and the positive underlying business case for the advancement of the Coldry and Matmor technologies. And while we’re keen to share more details on the outcomes of the report with the broader market, naturally we first need to brief NLC and NMDC fully. It’s not appropriate to front-run the results ahead of their review.”
“We can say that Dastur has been rigorous and robust in developing the operating and capital cost, which is sensible and highly appropriate at this stage of development. Even with this level of conservatism, the key financial metrics indicate a distinct advantage, subject to successful scale-up.”"
Sounds to me more of a Q & A seeing the Team that delivered the Report had representatives from Both NLC & NMDC,
a signing in the wings maybe,
something to ponder over the next few days
TICK TOCK
ESI Price at posting:
1.3¢ Sentiment: Buy Disclosure: Not Held
