Potential for $1 per share in less than 5 years, page-314

Good announcement looks like a joint venture maybe going to happen.

Xinhai has a strong history with Chinese import/export banks to provide funding for EPC projects throughout its global footprint.
The Company and Xinhai are cooperating to secure financing for future beneficiation plants up to a concentrate production target of 2.5 million tonnes per annum .
NSL Consolidated Xinhai will immediately commence comprehensive sample testing from samples already in China to finalise the process flow and equipment requirements to produce a routine operating concentrate grade ranging between 63-65% Fe, targeting 65% Fe.
Xinhai engineers will be on site in India in the coming weeks to review existing operations.

The results of the Xinhai site visit and testing, will then flow into the upcoming expansion projects as outlined previously in investor presentations, whereby, Xinhai as an EPC contractor will have the opportunity, based on acceptable commercial terms to:

1. Build an additional 200,000 tonnes of concentrate capacity, with commissioning targeted to commence in July 2017, subject to the above,
2. Build a 1 million tonne concentrate plant, with commissioning targeted to commence in December 2018,
3. Build a 1 million tonne concentrate plant, with commissioning targeted to commence in December 2019,

Xinhai will also optimise the existing beneficiation plant to produce a routine operating concentrate grade ranging between 63-65% Fe.