NTU Open Forum., page-5

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Each and all have their point of view, good luck with yours as I highly doubt that you will be around on this forum when the company announces that:
Sorry folks but the ride is over, we never found any financially viable reserves to warrant the move towards a larger scale plant, as you would be well aware we have been searching for many years now and spending plenty of dollar$ whilst diluting the absolute B'Gees out of your your holdings, but the Tanami Desert Dream Mother load just wasn't out there, was the same as when we were looking for uranium.  Maybe some copper on the horizon, since we sold off our Gold rights for SFA.


The larger scale plant that NTU were Originally Planing to build (2015 DFS)

#Was supposed to have had commissioning wrapped up in Jan 2018

#This planned plant had already had successful pilot programs/trials run in 2014.

#How could this plant ever have been built without any financially viable reserves to give it some meaningful life.

#And where was their market going to be for an annual production 279,000 Kg's of Dysprosium contained within their 3,098,000 Kg's TREO.
Maybe somebody told them that the "Build it and he will come", was actually fictional.


Now those who were following the progress of NTU back in 2014/2015/2016 would possibly see other factors that also led to the scaled down plant size, a plant which they then referred to as a Test Pilot Plant.
To say that NTU weren't looking at this being a production plant is absurd, NTU had a plan that this Test Pilot Plant would be producing GREATER than 1,100,000 Kg's of Carbonate per year, containing 573,000 Kg's TREO, 49,000 Kg's of which was to be Dysprosium.
They had a MOU for the supply of 1,100 tonnes of carbonate (annually), an annual 1,100 tonnes they have Never been able to produce or supply, and of course we all know what happened to that agreement.
I agree with the ATO when they viewed this plant to be functioning as a production plant. Pilot Plant status <$20,000,000 at the time fell perfectly into R&D scam.
Twaz all about a free tax payer cash ride. imo of course!


For a 2015 DFS sized plant:
NTU never had the reserves then, or the market to support, and they still don't now!!!


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