New NMB Article for NSL

The Next Mining Boom

FINALISED: 20-11-15 PUBLISHED: 20-11-15

Iron Ore Disrupter NSL a Step Closer to an Indian Summer

What if there were an iron ore miner with lower cash-costs than the likes of BHP and Rio?
What if this miner had a market cap of just $9 million and exposure to one of the emerging growth stories of the 21^st century – India?
This company actually exists. And it is the only foreign company to own and operate Indian iron ore mines – and thus be in a position to capitalise on India’s growing economy.
We’ve covered off on NSL Consolidated (ASX:NSL) before, chronicling its journey from canny small cap to being on the verge of something special.
While it remains a small cap, it is a step closer to fulfilling its dreams of being a major player in the Indian manufacturing renaissance.
The big news for NSL this time around is that its phase two iron ore plant could be on site and commissioned as early as the second quarter of next year.

This means NSL could effectively double its production capability, with the Company believing it will be able to make somewhere in the order of $570,000 per month.
On top of this, an India and resources sector investment house has opened up a $5M line of credit with NSL, from which it has already drawn down $1.3M.
In spite of all this, the company still has a lot of hoops to jump through, so investors should conduct their own intensive due diligence before adding it to their portfolio.
Underpinning all of NSL’s efforts are offtake agreements from JSW Steel and BMM Ispat, which are covering the entire production run.
The more we look at the company and its canny plan, the more we like it.
It’s applying the same kind of disruptive energy to the Indian iron ore sector that upstart start-ups apply in Silicon Valley – and this is a miner.

Sooooooo.... would love to see NSL make $570000/month and same reflected in share price.
Bring on 2016!