Ann: Sales Update, page-40

You are living in a dream if you think that NSL won't capital raise sometime this year. Unfortunately this dilution is value destructive, its happened in the past and will happen in the future as NSL isn't making enough money to support the project let alone keepingthe snouts at the trough fed. Over the last few years NSL has gone from 376 million shares to 846 million shares to 2,602,456,094 thats 2.602 BILLION shares.
What do you actually have to show for all this dilution? A couple of 1000 tonnes of IO production and little money in the bank.
I'm amazed that any intelligent investor would even consider NSL, except to maybe buy at 1.3c and bail out at 1.6 c . Thats the only strategy that makes sense.