5c = approx 240,000 MC which I think is possible short term for a brief period and then more meaningfully as we draw closer to the test facility working at scale.
SP’s have a tendency’s to drift back at the spec end during periods of no news.
10c = 480,000 MC. I feel this milestone will pass once test facility is validated and revenue outcomes are quantified.
Also if ECT can turn VIC feasablilties into income, then the SP will move along nicely as well.
IMO....long, long, long term....if ECT and India grow to multiple facilities within India or abroad, then there is massive upside here for steady dividends being paid to its shareholders. But I would envisage 7-10 years from now.
I imagine many of the cup half empties will be long gone by then.
NMDC Board Meeting, page-92
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