CMMC are a major chinese state owned company that is run by the state and represents major chinese steel companies. This deal means that NSL has its funding in place and they would be very conscious of what's at stake. NSL has done the hard part - getting an agreement with CMMC - now it just needs to be finalised. CMMC want offtake and it's in their interests too to settle this deal. The large line of funding will surely mean that NSL can do bigger deals and grow this company and while NSL may look like a punt with its $30m market cap and its early stage status, it is now very wll funded and has enough going for it to bed down a big big partner with deep deep pockets and the expertise and desire to make it a success. Well done to Cedric Goode and his team. Analysts that cover this stock have valuations above 30 cents.
NSL Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
