thanks that's perfect. I watched a 20 min video which...

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11/12/19

20:45

Post #: 41919658
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Originally posted by Bouddha0357: ↑

We are not producing.

The company goes as follows:

- A few exploration projects that are to be developed in Joint Ventures, Mt Edwards is one of them. Barrambie is the crown Jewel.
An example of that is Mt Marion (lithium mine) that was developed in that way and made the company $200m for a $3m outlay

- The smaller mining projects allow us to finance three core projects that are Lithium Recycling, Lithium Refining (with an off-take agreement on Mt Marion), Barrambie which is a Vanadium/Titanium mine with huge deposits

- NMT doesn't call to market to raise capital for their projects has almost no debt and the projects being done in a JV are derisked as much as reasonably possible

Because they do not generate regular cash flow, the company is valued at cash in the bank without any attention given to non current assets. Over half of the non current assets are exploration costs for mining projects and Barrambie takes the lion's share of it but it is very far from a reflect of its value as a developed project.

NMT has also no qualms in stopping a project if the market conditions are not there to make it successful which is why they have kept Barrambie for so long and also why they are developing it as a Vanadium/Titanium project instead of solely Vanadium.

I hope this answers your and other people's questions

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thanks that's perfect. I watched a 20 min video which summed it up nicely just like you I am more interested in Nickel project. that alone is worth 100mil MC this is extremely undervalued and the managing director seems really switched on. I expect Nickel to take off in next year.

NMT Price at posting: 19.0¢ Sentiment: Buy Disclosure: Not Held
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