"Agreed that SH cant always handle bad news well but in the same breathe people tend to believe what they want to be true and overlook what doesn't fit in with their opinion."
BINGO, that's why you are almost talking yourself out of this one right now
You believed what you wanted to believe, and that is the plant COULD pump out 63-65%
consistently, yet you were only ever told it could pump out
UP TO 65%, you seem to want to dig through the details and worry about semantics, but like I said as far as I know management have never stated we are pumping out 63-65%
consistently with out feed, you wanted to believe it because BMM put in an order for it, and even though you were told for over 12 months that the plants specs were to run @ 58-62%Fe, you missed the finer details, hoodwinked yourself and seem to want to talk yourself out of a multi-bagger and blame it on management.
Totally understand your frustrations given your misconceptions, but the markets love to spit out the impatient, as we ramp up production and continue to sell everything we can produce the markets aren't going to care about what the name of the company is on the invoices, a fund manger isn't going to sit back and say "hmmm, NSL, $0-65m npat in 18months and forecasts $107m npat the year after, now should I invest....hang on, what the hell is that? they said over a year ago that BMM would be a customer but now they have different customers, so it's a no go for me."...that's not gonna happen.
This is what we know since the SP was .051 near the end of last year, maybe stick to this before you talk yourself out of multi-bags:
-24hr production starting in about 2 weeks
-MOU to build and finance next plants at 2.3mpta capacity
-doubling production capacity in July this year
-better than initially estimated price's p/t and npat's
-current plant and all future plants will now be optimised for 63-65%Fe as opposed to 58-62%Fe
-multiple customers interested, who cares who signs on the dotted line if we're selling whats produced
and ST-MT(if that's what you're in for) SP est based on current figures would be, remembering market is forward thinking so by July we'll have 400ktpa:
-400ktpa @ $43 profit p/t with a PE of 10 = SP of 7.1 cents
-1.5mtpa @ $43 profit p/t with a PE of 10 = SP of 27 cents
try not to psych yourself out of those ST-MT targets all because of a customer name
