Australia's largest stock trading and investment forum Australia's #1 stock forum

ELE

Click for more information

0.00%

0.5¢ elmore ltd

Ann: Phase Two Wet Plant - Major Commissioning Milestones, page-79

First 79 Last

Share
Profile

Follow
mulac1

1,581 Posts.

311

09/12/16

10:10

Post #: 21220235
Share

Originally posted by Timtator ↑

The answer is not to our knowledge. However BMM Ispat have already added us as a supplier within their computer systems and recently visited the site during commissioning.

As the product is able to be added at a later stage of production and there is a high demand for high quality iron ore in the state, the company seem confident on achieving a price per tonne higher than the previously announced AUD$52.

Their anticipated operating expenses are $22 per tonne so there is a nice margin in it, especially if we can get $62 per tonne, which is still cheaper than alternatives.

All in all, most of us are confident that a purchase order will arrive soon, and since management have repeatedly stated we would have cashflow coming in this quarter, they must also be confident.

Expand

Thanks for the answer Timtator. Much appreciated
M1

NSL Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

PAM

PAM secures high-grade Chilean copper play in strong territory

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

There are more pages in this discussion • 70 more messages in this thread...

First 79 Last

Add ELE (ASX) to my watchlist