Did not the Ann say income from mine FY 18 expected to be around $20m rising to $30m once new plant lifts all production to 6%, first six month FY18 looks like just over $7m wonder if it will lift to around $10m for second 6 months.
A 2ct diva costs $11m could that be on the cards this FY?
The $8.4m loan repayment gives us cash with no tax plus and we have $40m in bank, my thoughts are titanium DSO deal may give enough comfort to shake out a divi this FY together with income from Mount Mation which we know is in full production.
Difference with titanium is we own 100% of it, anyone know the market value of the untreated ore should we DSO it to Chinese?
Expect negotiations on price are ongoing as I’m sure NMT knew ore was fit for purpose before asking Chinese the same question, Loop.
NMT Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
