Tempered Expectations, page-12

Well put Clockwork and I fundamentally agree with all you say however I do see an added bonus here - being in the right place at the right time. Like Kenny points out, there are other companies and government entities out there that also have a vested interest in NSL's success. I find this pretty reassuring and, in terms of ramping up production, it certainly means that after a good 4-6 months of solid trials, a rapid expansion could be very successful. Then, as Gyro pointed out, there's the old supply and demand story. For me, in the situation NSL are in - along with the experienced personal working for the company -, I could see rapid expansion being a comfortable fit. I believe all the ducks are there, it just needs for them to line up.

There is another thing I can't get my mind off of when I think about NSl and that's AP 14. Fortesque, and I write purely from memory - so if anyone here wants to elaborate please go ahead - went from something like 10c a share to around 4 bucks in a fairly short space of time. How? Because they produced a JORC reserve of around 500 million tonnes of ore for their Solomon Mine, and soon after Twiggy found investors keen to help him develop that reserve. I'd love to know what Cedric and the government officials of Telangana have been talking about.

If the demand for Iron Ore in India increases and with major companies and governments ramping up their hunt for more IO reserves, I wouldn't mind seeing NSL spend a few dollars to get those drill bits whirling. I wouldn't mind a 370 million tonne JORC reserve under my belt.

All in all, just my 2 bobs worth. Keep up all the great posts and bring on the Ann.

Cheers,

Rhama





the esculation ed. It seems that they've recruited well also. I've been an investor here for nearly 3 years and have been led to believe that NSL has already been doing a ton of groundwork.