where to from here??, page-21

Frank,

Your later posts are much more sensible than your first post.

We can't see where NTU is going exactly in the long future. If I say this is going to be the next REE major, Im simply ramping.

but saying NTU has got no show down thr track by commenting like "But how far can this go on pretty much no cashflow other then CR, T/O or tenement sales" in your first post, in my opinion, is simply downramping.

How do you know that for a fact?

LYC & Conglin Yue are so stupid or too cash rich that they like spending money on nothing?

Chinese state owned ECE tried to get on a dog that has no future production potential? all chinese want is to secure future mminerals supply, they have no business mucking around.

These smart investors, like us, see potential of what NTU could become.

As to SP growth, I will telll you:

Uranium
we know how good the grades potentially are, what NTU needs is monster drilling to define resources & see if consistently commercial grades can be found in a hopefully wide & open mineralization that can support commercial operation.

Now we have seen high grade (15000ppm U hit) at the Don, albeit 0.44m only, what if they can find consistent u grades on wider hits. Now it does need significant wide hits at average of 300-400ppm to mark a potentially commercial U mine, but what we have seen here is 50 times better grades than those 300ppm that a lot of U majors have. I know CAPEX & OPEX is prob higher in Aus than those at Namibia, but if NTU can come up with wide hits at similar grades to 15000ppm, SP is going to fly & it probably will point to a potentially commercial U operation.

They are doing U drilling now, the drilling will do the talk.

HREE
Pg 18 of preso says JG & BR HREE is US$80/kg stuff compared to LYC's Mt Welt. I know there's no drill yet, but some good sampling & field work needs to be done to define drilling targets. They are doing the field work now for detailed drilling next year.

I also hope they can drill asap, but I dont want them to drill without properly defined targets. That will be a complete waste of shareholder money!

The processing part is tricky. Again I don't want to speculate on this as the resource is not defined yet & weather that can support a stand alone operation (which will be expensive & time consuming) or makes better sense economically forming a strategic partnership with LYC when it comes to processing.

That I don't know the answer, Feasibility study will tell us, but I won't say no hope at all like you did.


Phosphate
Now I see this as a wild card given the strategic location.

Close to Wonarah I see?

So potentially DSO?

JV with MAK?

At least we know the infrastructure is better taken care of along Wonarah.

and close to our major phosphate market China Id say, compared to a lot of African phosphate.

Again don't want to speculate on phosphate as I have seen nothing on this prospect yet

but has massive potential given the location if all goes to plan.

just my 8c worth.