Thanks Skribbler, can't say I disagree with your thinking here and rough income callcs once we are at 6% grade but we do have the worlds largest concentrator and so production cost may be cheaper due to economies of scale, the cost to upgrade to 6% is I think shared between the parties based upon ownership percentage so we pay 13.8% which may be taken as it's being built or they may have funded over more that one financial year which may give scope to pay 2ct divi. Either way we are in a very strong position with so much upside to come, I think there's fair chance we see divi this year but time will tell, Loop.
NMT Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
