NSL - Clear path to 2.5mtpa production of 63-65%Fe by 2019. +...

NSL - Clear path to 2.5mtpa production of 63-65%Fe by 2019.

+ Planned +8mpta in MoU with state government of Andhra Pradesh.
+ Expected OPEX A$22 per tonne, current sale price A$65. (Expected A$43 profit per tonne).
+ Current 200ktpa pilot plant less than a week away from 24/7 operations. Current 2/3 shifts running.
+ CAPEX per future 1mtpa expansion approx A$10m.
+ Mined and sold ex-mine gate in remote Andhra Pradesh (Pilbara of India).
+ Andhra Pradesh is the fastest growing state in India, undergoing enormous expansion across all sectors. (+11% GSDP 15-16).
+ JV with multibillion dollar Chinese company WeiHua Group to construct and operate a steel plant in Andhra Pradesh with a 50% free carry for NSL.
+ Pending third party PFS' for both pellet plant and steel plant - Land allocated by state government in recent months.
+ No debt. Sufficient cash for current operations.
+ Current share price $0.032 = $78m MC. 2.4B shares. 10m outstanding ESOP options.
+ 8 year history in India, strong relationships with state government and both Indian/Chinese companies.
+ Share price has already risen from $0.004 to a high of $0.051 (1275% rise in past few years).
+ 2.5mpta output at expected OPEX and sales price could net A$107.5m NPBTD per annum.
+ 8mpta output at expected OPEX and sales price could net A$344m NPBTD per annum.
+ Steel plant JV could add hundreds of millions more in profits and allows for NSL to sell their ore to the JV company.
+ Highly underrated company with high potential for further growth.
+ Strong register, with Top 20 owning over 50% and management all in.


Highly recommend further research into NSL! She's an ugly duckling, but we all know how that story ends.