Definitely starting to pick up as it gets onto more radars.
I had a feeling this Minera relationship was going to be a game changer for the company. It only takes one solid client to change the game.
Might be 12 months later than we wanted but NSL is in the best position it's ever been.
Approaching and potentially exceeding nameplate in the next month
Six months of testing should be nearing completion by Xinhai, with hopefully a full proposal soon presented to the board
Xinhai should present a full plan including finance to accelerate the company towards 2.5mtpa production by the end of 2019
Western Australian government are making huge commitments to their sister state Andrah Pradesh
CM Naidu and the state government remain big fans of NSL and their work within the community
Potential for different projects with Minera, a decent size player within a few hundred kilometre radius of site
Steel plant JV is potentially still going ahead, with the state government having already allocated land at Orvakal and met with the Chinese delegation earlier in the year
China continues to reduce and consolidate their steel production capacity
India is seeing increased FDI and massive projects such as the new capital city in Andrah Pradesh will see increases in domestic steel consumption
Policy continues to favour steel made in India and is the preferred choice for all government projects
Exciting times ahead and a lot more to be achieved
NSL Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
