The annual National Conclave on Mines and Minerals takes place...

The annual National Conclave on Mines and Minerals takes place in New Delhi on Feb 15. The Indian Ministry of Mining has prepared an extensive background briefing document for the event.
mines.nic.in/writereaddata/Content/back09022017.pdf
The document highlights a surge in mineral production in the past year, including a 21% increase in iron ore production. (I suspect much of this would likely be lower grade in comparison to NSL’s projected Fe %)
The Mining Ministry suggests that in comparison to other overseas markets, in some cases affected by geopolitical tensions and reduced investment, India is “a bright spot with, slightly reduced but still strong growth of 7.1% in 2016-17and rising real incomes.”
The Reserve Bank of India’s “latest rounds of forward looking surveys indicate an improvement in the overall business situation; public investment in the infrastructure sector - especially in roads and railways, likely to have a positive impact on the metals industry that will boost the demand for minerals like Iron, Aluminum, Copper, Zinc, etc.”
So imo, with increasing domestic demand coinciding with rising global iron ore prices, this sounds like a good time to be selling into the Indian market.
Herro