That's from August last year, resulted from NTU failing to meet Chinese contract specs so the Chinese customer refused to pay contracted prices.
Thyssen picked it up NOT on a regular contracted supply basis but a loose MOU where they will purchase material on an occasional basis, presumably when they can trade it into China for processing, which is likely indicative of prices being paid..
While WA mining & processing has pretty much continued operations right thru the CV event to date NTU took the first opportunity to shut down their massive cash incinerator.
The sheer magnitude of cash burn requiring incessent funding rounds & revolving credit strongly indicates this will never be a sustainable business.
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