I have heard the same crap for the last 3 years....talking with mils.....talking with buyers....blah blah blah.
They had an offtake agreement with a company (supposedly) for 250,000 tonnes couple of years ago.
They have had plenty of time to do a deal. And another thing, they reported that they could benificate the ore to between 50 and 55%. So why are we selling 45% ore?? Is the process flawed and they cant get the ore up to a quality that is acceptable for the mills? And why weren't we informed that they are only getting 45% ore? Surely that is a material fact that the market should have been informed about????
NSL Price at posting:
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