"Against it though, is the fact that the 2 x 1mt plants highlighted have not had all the approvals applied for that they need (environmental etc)....So it wont be automatic..... However, when asked, Cedric has indicated that they will not take anywhere near the same amount of time as the first couple of 200kt plant approvals... They have been there, done that and learnt from it..... Not to mention, if a government wants you to ramp up, it will probably help expediate the process...."
Purely speculation oxxa but we could well be on the way there with approvals.
From Dec13 ANN - AP26 & AP27
"All approvals in place, ready to operate in support of iron ore production and expansion plans."
From Dec15 ANN - AP3
"All approvals in place over 77 acres, ready to operate in support of iron ore production and expansion plans."
Looking at these leases and the pics in the ANN it looks to me like they have had a go at mining already but are now not working. So a good chance mining ready to go.
All IMO.
NSL Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
(20min delay)