In the first paragraph of the quarterly it says: "Both JSW Steel and BMM Ispat are actively encouraging the Company to fast track the construction and commissioning of the Phase Two wet beneficiation plant."
I would be interested to know if this is something the company/magna will aim to achieve?
Naturally at our current capacity we would be at the bottom of their list, but this sentiment implies that they are interested in our progress and I wonder if they would help move things along by purchasing some of our current product. Just a thought, not sure how much there is to that statement, but being the first paragraph of the quarterly, was certainly meant to catch some eyes.
And I am certainly in agreement that it would be unlikely for Magna to opt out at this stage, but I think it is important to note how much support they are showing, and as I said above, Magna would certainly have done their own research/numbers and I take that with confidence in the future of NSL.
Short term as well, there were numerous references to coming sales of both the specialised product and the fines product:
"bulk scale purchase orders are to follow."
"SPL require 5,500 tonnes per month...it is envisaged that the process will be fully completed in the coming weeks" (SPL testing the product, implying sales to follow)
"Sathavahana require up to 4,000 tonnes per month."
Whilst the big show is coming down the track at phase two, no reason why the next three months can't be productive, and make sales on our existing production/stockpiles.
NSL Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
