ELE 0.00% 0.5¢ elmore ltd

game changer

  1. 555 Posts.
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    This is a game-changing deal for a small-cap like NSL. They will use the money to expand their footprint in India and buy more projects like AP, then replicate the low-cost beneficiation model to expand the production rate many times over. Bingo! - low capex, low production costs, heaps of domestic demand and no problems with export tarrifs etc.
    Cash has always been a constraint for doing project deals, so with the JV money in the bank I think NSL will move ahead rapidly now.

    DYOR
 
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