NFL 0.00% 13.5¢ norfolk metals limited

Ann: Investor Update Brief, page-4

  1. 52 Posts.
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    I always expected it to dip back down hard relative to its peak (35.5c?). A single piece of good news brought lots of new blood and immediate buzzing of the SP, but given the effective absence of any good news (neutral at best) prior to this, the high was not sustainable.

    Short term gains aside, due to how early game it is, they've got lots of time to ramp up production, especially if the ground provides good yields. I am from SA and jumped on from the beginning for the Uranium project, not the Tassie one. The share price popping as a result of the latter has been a pleasant surprise for me.

    Ultimately, we've gotten a sample of potentially big things for the future, but there's still a big need for more concrete good news. This project, both in Tassie & in South Australia, are very early stages. Based on the current outlined timeline by Norfolk, and assuming the stick to it, and assuming what they bring to the table is good, we should see good green within 2022.
    Last edited by BrainRot: 15/11/22
 
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