Visit India, you will see a fast growing economy. Outside Deli new multi story building one after another and ever increasing demand for steel . Visit to villages you will see locals with small foundries manufacturing all types of metal tools and equipment, the demand for iron and steel products is everywhere, and not many imports. There must be IO mines supplying the current market demand for steel production but NSL seems to have had no success in ' breaking' into the existing IO market.
Nice pictures of yellow painted haulage trucks a loaders at NSL's IO mine lined up for pictures for shareholder announcements. The equipment don't seem to have seen a days 's work if they had they would be covered in red IO dust. Is it a country Bollywood show for the NSL shareholders back in Australia ?
It is really time management delivered on the announcements and begin selling and shipping IO - it is time to convert talk into action or find a local buyer for the mine.
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