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  1. 8,602 Posts.
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    Hi (joeborgo)

    You will see I posted my last post twice as I realised as I posted the message I had said shares held,so posted about 30 seconds later saying no shares held.

    The point of my earlier posts have been to not so much say NSL have done anything wrong,but to point out that there is a lot of uncertainty in India about the authenticity of the sellers and Government as far as licences and iron ore figures that are being given to buyers.
    That is why I am saying,have NSL done proper due diligence on the tenements.
    They have already had problems with not being able to get proper core samples,different depths then what they thought and will not know until drilling is finished what the true figures are.They have moved the one drill rig from its start off tenement to the other tenement because of problems.

    They are trying to rush things with out having done the required ground work as far as I am concerned.

    As you have posted,the company have not told share holders anything much about the where abouts of the tenements,what type/types of iron ore,past results from the mine in amounts of %Fe and impurities,depth,width and length of the iron ore target areas.
    If they are going on past iron ore mining on the tenements,why are share holders being shown pictures of undisturbed ground being dug up and not the iron ore face of the mine site,and installed infrastructure such as crushing,grinding equipment Etc?

    Sorry it does not gel with me.

    Regards
    Westcott.
 
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