Next Mining Boom giving NSL a bump, might see some uplift
NSL have pressed the 'on' button.
Their plant is now producing iron ore in a surging domestic Indian market.
This market is entirely different to the global one – iron ore prices rose 7% in June and have been constant ever since.
Now the plant is live, NSL are expecting $200k/month free cash flow, ramping up to $530k/month in the near term.
This is made easier by the fact they already have 200,000 tonnes of stockpiles just waiting to be processed.
First sales are imminent now, and this will self-fund a rapid expansion of their production plant, plus some decent exploration of a series of rather large targets.
Shortly NSL will confirm their first sale – we aren't sure how much longer they'll be valued at just $8M...
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NMB giving NSL a bump
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