6 cent target, page-100

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oxxa23

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17/11/16

12:37

Post #: 20687876
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Originally posted by Timtator ↑

$2m is the cost of purchasing the next plant, then you have to pay for shipping and installation, so maybe another $1m

The company are likely to pay off the cash note, so there goes another $2.5m

They are paying administration costs for Perth, Singapore and Kurnool.

Then there are salaries for Cedric, Sean, Dan and accounting firm.

They are increasing site infrastructure to facilitate later growth so that all costs money beyond just Phase 2

There is a lot of cash being spent at the moment but you have to spend money to make money as they say.

Cashflow positive is on track for end of year, but it will be money coming in as ore goes out so not like we ge the whole years profits up front.

If the next 200ktpa plant is to be commissioned by mid next year, then our profits will double and we will be able to afford the first 1mtpa with cashflow. For all we know Huate may be willing to build it and accept payment before shipping.

There is clearly something going on with the steel mill but it's speculation at this point. Overbought depends how far into the future you want to invest.

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I think this answers jhurn's next post also...

I may confess to buying my smallest parcel... $500 worth at 0.047, just to try and start the run back up again.... looked to have floored when sitting idle at 0.046.... and I tell the missus off for spending with no reason or care

Last edited by oxxa23: 17/11/16

NSL Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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