I may not know all the answers because i'm not an employee for NSL's JV partner. However NSL has done their due diligence for one. Look at their management background and you will realise, tehe people at the helm of NSL have done massive DD. Just ask a director or two :).
Austind doesn't need to disclose everything to do with the project area at this stage, as there are many (low) hurdles to cross yet. Plus the research, that you refer to, would be a small book!
Look at Brazil, massive Irom Ore producers, and yes they have monsoonal season which effect mining areas, and the Fe is still in high demand, and getting to the customers.
What NSL has achieved so far, is possibly the start of something 'massive'. Hence why there is much excitement around the possibility of getting in at under 10 cents. Some people will have stops on their trades, others will have ceratin SP targets, and others will looking at a LT investment and got in between 2 - 4 cents (which suits their risk level).
Why post, and go on about doing your DD, and telling people to be careful when you know absolutely nothing yourself.
May I suggest you speak to the people who are calling the shots, and then maybe your DD would be somewhat credible.
Maybe your risk v reward tolerance is lower than the posters on here at present. Anyway, good luck with your investment choices. Have you looked at a cash deposit recently ? The pertcentage rates may suit your style.
Cheers WM
NSL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held