Happy for NTU to sell low grade as long as they don't go into debt for hundreds of millions, dilute our stock by billions or hand out stock to bondholders at 60%+ discounts. As for getting a good price they will be getting the averaged 2 month price, that's good enough for me.
I guess LYC doesn't bother selling their concentrate because they don't need the money and instead rely on issuing shares and converting bonds at well below market value to pay off debts. Easy money if you can get away with it .
Ann: NTU Hallgarten and Company Coverage Update, page-78
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