Hi Jovan and Everybody Else
This is a good start for our small company. We are effectively buying a mine with $900 million of iron ore for $7 million.
The current spot price for Indian Iron Ore is $110US per tonne for 63.5% ore. If costs are 50% that leaves $55/tonne profit. In the first year that could equate to $26.4 million.
If they can show that they have the ciontacts in China the fragmented Indian market player might take more notice of what NSL can do for them and who knows where this will end up.
I have held for nearly 2 years, holding for another year or so should see the value of my shares more than double their current price IMO.
Good luck all holders.
- Forums
- ASX - By Stock
- good announcement and presentation
Hi Jovan and Everybody ElseThis is a good start for our small...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ELE (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.27M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ELE (ASX) Chart |
Day chart unavailable