4000TPA of Y @ $125 in 2015? You've got to be kidding. That sort of volume would collapse the Oxide price and NTU's Y concentrate would be worth even less.
4000TPA is nearly half China's current production and would take Y into a very large over supply position post 2015, particularly if you factor in nearly 1000TPA of production from Duncan & Alkane PRE 2015, let alone anyone else.
That "analysis" is so poorly researched it can only be considered a blatant ramp IMO. Mgt of NTU are way too smart & experienced to be following the game plan outlined there.
Hopefully the JORC will spell it out more clearly.
NTU Price at posting:
43.0¢ Sentiment: LT Buy Disclosure: Held
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