Agreed there is not much new in this presso over the that presented at RUI conference back in February, apart from a couple of dot points added to the "Our Aspiration" chart on page 4 to continue the beneficiation FS and look for long term concentrate offtakes.
To me the fact that Mark Tory is in presenting it in New York and Toronto (I wonder if N.C. is also doing the roadshow), assumedly to prospective financiers in North America, is the main takeaway. This makes sense as they will need to raise additional capital early next FY in order to keep the wheels turning, and maybe our PRC based major shareholders are unwilling or unable to tip more capital in.
Still no firm timelines for completion of the beneficiation FS or an updated JORC resource estimate, which you would assume to be pre-requisites for the completion of the strategic review and therefore concentrate offtakes, project financing and FID; so no real short term prospect for a re-rating of NTU - up or down.
The best thing is that they appear to have forgotten to rename the Gem prospect as Zero, which might got a Mark T. few giggles on Wall Street...GLTAH!
NTU Price at posting:
3.9¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)