Brilliant management decision, page-3

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92electrons

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16/10/21

06:21

Post #: 56843645
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Originally posted by marcus A: ↑

Hi 92e,

I've seen you make the assertion on a number of occasions that GB "sold off all the Browns Range non-rare earth mineral rights": on the NTU website under Tenements there is a map that clearly shows while most of the NT tenements are indeed "REE rights only", the ML and all the WA tenements do not appear to have that encumbrance. If this is not the case could you please direct me to some supporting documentation?

Not that it is a huge issue at the moment, as NTU is very much dependent on identifying additional REE resources that can be economically mined in proximity to the plant in order to get their JORC up to a level to support the X concentrate FS. If they come back to the market before the JORC update or FS lands reporting promising gold/copper/U208 traces from surface chip sampling in the NT I'll be packing up my wagon and heading home...

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https://quoteapi.com/resources/da9866271f9d0071/announcements/ntu.asx/6A806018/NTU_Completion_of_sale_of_non-rare_earth_assets.pdf

what a dud deal for shareholders. ….. as it eliminates all upside from non-rare earth minerals

at the time the MD was receiving a total remuneration package of approximately $800,000 PA

how was that ever justified ?

NTU Price at posting: 4.6¢ Sentiment: Sell Disclosure: Not Held
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