Got a look at a broker report yesterday that recommends NSL as a Buy and an estimated value a bit under $0.50 per share.
They acknowledged the lack of JORC compliance and said that the third project was not considered as part of the valuation. Used FOB cost of $35 tonne and production/export of 500,000 tpa.
Trading this morning does't look like the market supports the valuation above :) But I believe (hope?) that even a small amount of positive news regarding the sorting out of their mining issues and/or stockpiling of ore will be able to turn the price around quite quickly....
NSL Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
