The cash on hand post sale of Mt Marion is impressive but so are the expansion plans.
Which is why the price is probably where it is right now. There are expansion risks.
Would be good to hear how the upgrade to 6% at Mt Marion is going as shoring up the income stream would give increased confidence moving ahead with the expansion plans.
A lot to digest as a prospective new investor. Lithium refinery, Titanium/vanadium deposit, battery recycling.
Market will be waiting on figures for these projects. But if NMT can pull there plans off then it seems a good buy at todays asking price.
NMT Price at posting:
22.0¢ Sentiment: None Disclosure: Not Held
