Do some homework

I must do some homework based on the message released on Internet.

"Under this stage, Northern Minerals is targeting production of 573,000kg of total rare earth oxides, which is expected to ramp up to 3 million kilograms per annum by full scale operation."
https://**promotion blocked**.com.au/northern-minerals-rare-earths-producer-outside-china-browns-range/

price of rare earth Dy oxide : US$ 220 /kg,

at this stage,
Sales Revenue: 570000* 220 = US$ 116.6 M

full scale production:
Sales Revenue: 3000000*220 = US$ 660 M

Some basic understandings about Northern Minerals:

1. Dysprosium is the rare earth of rare earth, its price is 8-10 times of light rare earth which Lynas produce.
2. the demand of EV will drive the price of Dysprosium up in the future.
3. Northern Minerals has a strong sheet balance even at this stage.
4. We never any "cease of holding" , but we often see become a substantial holder.
5. NTU is highly over undervalued even compared with LYC and ARU
6. Norther Minerals has very low debt.
7. No worries about share dilution, it can be condensed in the future as LYC done, then it can join ASX 200.