Timing for the FS is great. No doubt they will be using European prices for HRE, which have increased substantially in recent months. Although I believe price’s are based on very small transaction quantities i.e Kg’s.
A business plan predicated on a primary low grade, hard rock HRE deposit, that requires underground mining to access, is always going to be a tough sell.
NTU Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
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