and the $5m rised back in jan and also 2 working mines. price of ore is about $150 pt
even if they take another 2months to get 200,000t to port and the current offtake agreement lapses, NSL will have $30m sitting at port ready to ship minus $7m extraction and transport costs.. so $10m + $5m + $23m =$38m
or with current agreement where the current customer is willing to wait $10m + $5m + $5m =$20m
if it looks like a rough diamond , smells like a rough diamond it usually ......
that's my take on things
NSL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held