market cap is 208mil dollars, page-48

just returned...

further to my previous comments and in line with McGill's, there is no market equivalent to NSL to make a comparable Earnings Value due to:

the reduced shipping costs from India
reduced mining and processing

i would really like a broker report on NSL outlining the extent that these factors are reduced

my guess is that they are significant and may give rise to NSL being valued at a comparable hematite company in oz

therefore, at an EV of 4.5

4.5/.35 (see previous post) x 20c = 2.50 (post consolidation)

so with such a large discrepancy, i'd welcome any furthyer info