NTU (ASX) Big dose of reality

Originally posted by Infose ↑

" Simply pointing it out for your benefit seeing you thought the RE contained in a 52% mixed concentrate would be worth equivalent to seperated oxide prices which is not the case."

Who told you so? Certainly not me nor NTU for that matter. In other words, that is simply an inference on your part, a product of your unruly imagination. What I said is that NTU, according to their own figures, expects to produce 1,719,000 kg of Rare Earth Oxide in a mixed Rare Earth Carbonate, an amount equivalent to 148,200 kg of dysprosium.

"I have no doubt NTU and JMAG know exactly what the 52% mixed con is worth."

If, as stated by yourself, you have no doubt that NTU and JMAG know exactly what the 52% mixed con is worth. then how can you justify your assertion that 11.5 kg of "52% mixed con" do not have the same value as 1 kg dysprosium? Can't you see that you are contradicting yourself?

"Make up whatever fantasy, feel good scenario you want, NTU plan is to supply a 52% mixed concentrate to China at a loss and at the expense of the Australian tax payer."

I am not fantasizing anything. First, with very few exceptions, no company is ever formed to implement a loss making plan. Even the ones that eventually go broke do not do that. As to the exceptions they are all fly-by-night companies designed to deliver a quick buck to their founders and promoters. NTU is not in that group.

NTU is untitled to a 43.5% Research and Development refundable tax offset because that is in the best interests of the country. If leading to a successful outcome it will allow the country to develop a new mining product of strategic importance. And if the mining output is initially sold to China at a loss then that should not represent any handout on the part Australian taxpayers to them. Actually it could even be seen by the Chinese as a form of unfair competition designed to brake their monopoly over the production of Dy.

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Who told you so? Certainly not me nor NTU for that matter. In other words, that is simply an inference on your part, a product of your unruly imagination. What I said is that NTU, according to their own figures, expects to produce 1,719,000 kg of Rare Earth Oxide in a mixed Rare Earth Carbonate, an amount equivalent to 148,200 kg of dysprosium.

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Did you not post this?
148,200kgs*$250 = $37 Million or +- 12.3 Million during first year, at current prices.

https://hotcopper.com.au/threads/big-dose-of-reality.4075585/page-51?post_id=31924846#.WrMlSdRub0M

I take it that was your answer to my question about what NTU 52% mixed concentrate is worth today. If I misunderstood then please explain what you were trying to explain by posting that?

If, as stated by yourself, you have no doubt that NTU and JMAG know exactly what the 52% mixed con is worth. then how can you justify your assertion that 11.5 kg of "52% mixed con" do not have the same value as 1 kg dysprosium? Can't you see that you are contradicting yourself?

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Correct. I have no doubt NTU and JFMAG know exactly what the 52% mixed concentrate is worth. But that has nothing to do with your misguided "equivalent" theory.
Its a simple fact anyone would know had they done some basic research and used some common sense that 11.5Kg of "52% mixed con" does not have the same value as 1Kg Dysprosium. Not contradicting anything I have stated.

I am not fantasizing anything. First, with very few exceptions, no company is ever formed to implement a loss making plan. Even the ones that eventually go broke do not do that. As to the exceptions they are all fly-by-night companies designed to deliver a quick buck to their founders and promoters. NTU is not in that group.

Expand

NTU business model changed from being a Uranium company to become a RE company at the height of the REO price bubble. This business model has always been based on fantasy REO prices. Read the companies DFS, the Browns Range project economics are based on REO prices 4 x what they are today yet the company was planning to sell a 52% mixed concentrate. If that's not the definition of fantasy, well you may as well call me the Easter bunny.

NTU is untitled to a 43.5% Research and Development refundable tax offset because that is in the best interests of the country. If leading to a successful outcome it will allow the country to develop a new mining product of strategic importance. And if the mining output is initially sold to China at a loss then that should not represent any handout on the part Australian taxpayers to them. Actually it could even be seen by the Chinese as a form of unfair competition designed to brake their monopoly over the production of Dy.

Expand

There is absolutely no hard factual data anyone has presented to date that suggests NTU business plan will ever be viable beyond future fantasy REO prices. Just a bunch of glossies being published by those with self interests.

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(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $135.9M

Open	High	Low	Value	Volume
2.0¢	2.1¢	2.0¢	$79.13K	3.898M

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