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Hi (joeborgo)

November 6th 2009.
Prior to redeployment of the drill rig to site 2,the drilling program for site 1 was progressing. Sample return has been inhibited by broken ground below 50m,which has prevented the MAJORITY of drilling from reaching its design depth.
Initial information gathered from the drilling program has suggested NSL's target mineralisation will be below previously anticipated estimates based on historical information supplied by the vendor and the Indian Bureau of Mines.
An updated estimate will be generated upon completion of the drilling program,which is expected in the new year,post commencement of operations.
Also could not get core samples because drilling was pushing material away instead of picking it up.

Was due diligence done properly?

Estimates based on historical information supplied by the vendor and the Indian Bureau of Mines.

Can the vendor and Indian Bureau of mines be trusted to give true figures and grades? Again with out drilling first and getting your own assays done,how can you be sure what you are buying.

December 15th 2009 (joeborgo)

The company has announced very little detail about where they are mining,who they have sold the off take to and at what price.Investors are concerned that it could all fall over at the last minute,hence the lack of price movement.

And as they have done in the past the company has announced major milestones only to see them pass with not so much as a whimper.

The PR is non existent and at this stage I as a shareholder am still not sure if the commissioning has been completed.

That IMO,is why we are still at 3.5cents. The company has a history of making promises and not delivering.
END.

With the last announcement I would not say it is moving ahead if it did not finish over 4cents or more as most share holders thought it would do.

From the pictures from NSL site,there is no sign of previous mining.Surface ground clearance yes.

Where are the pictures of the iron ore they are going to be selling? Pictures of core samples.
Figures from assay results from the laboratories showing Fe and impurities.
Amount of iron ore already mined from the tenements and %Fe.
What type of iron ore are they mining. Sponge,Marra Mamba,Brockman,Itabirite,CID,Pisolitic,Magnetite,Hematite/Geothite,Limonite?
Is that not what shareholders should have been shown?
Are they going to be using 20tonne tip trucks like CAG for their coal?

Shareholders and future shareholders need to know these things to try to make sure their investment is safe.

Regards
Westcott.