Ann: Project update, page-12

I
like it
too

Damn PDF files are difficult sometimes aren't they.

I know a previous NTL announcement or perhaps comment at the AGM said that there is essentially a sub-market for concentrate and sometimes developed companies buy concentrate in order to increase their overall grades/mine life.

I wonder who the interested parties could be. If there is more than one then there must be some interest in it and I would assume that OGC are in the mix if there is international interest. It would make a lot of sense for them to buy NTL concentrate, get us to pay by toll treatment to process it, then buy it from us to increase their own grades.

But if there is international interest then it may make sense to take it down the road to the Port of Tauranga or Port of Auckland, or any of the nearby railway access points, and just ship it off to whoever wants it abroad. My layman opinion is that with high grades it means shipping costs become much less of a problem.

Edit: Read about it here - https://www.911metallurgist.com/blog/concentrate-marketing