Found the 20%, or less, recovery rate of product from ore interesting too Lazarus. I also like the idea of NSL looking for new leases. The energy and time spent on beneficiation must make more high quality deposits look pretty inviting. The inferred core of around 15 million tonnes of almost pure magnetite at AP14 must be high on NSL's priority list. Will be interesting to see if Gary and co can identify any other similar high-grade deposits.
What I'm hoping is that the federal government is delaying its approval of AP14 because they are waiting to be convinced that NSL is a good enough company to carry the project. With all the runs NSL have been putting on the board lately, surely that approval must be getting closer.
I believe our benefaction business will be a great success but the lure of a deposit where you can truck the ore straight from the mine to the mill, without any processing at all, must be pretty enticing. Not to mention being highly profitable.
Bring on that federal approval I say.
Cheers
Rhama
NSL Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
