NMT 2.34% 6.6¢ neometals ltd

breaking out, page-56

  1. 9,814 Posts.
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    Hey megles I don't know if you have read the last couple of announcements but significant progress in becoming a producer is being made.

    A new finance facility with Credit Suisse to replace the Barclays facility provides them with more flexibility in starting up stage 2 which is the ramp up from 100k ounce to 135k ounce p.a.

    Also, there is only one more mining approval required which is for the Batavia pit which should happen in the next few weeks.

    The refurbishment program is nearly complete and Minepower has just been awarded the Stage 1 mining contract. The bluebird pit starts operation any day.

    Things are happening. The sp will rerate significantly from here imo.
 
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