Ann: NTU Announce First Equipment Components Hit Australian Shore, page-6

astavrou1


"Theonly Dy source next to China ready to send the product!"

Can you provide anything to support your above statement?

http://northernminerals.com.au/wp-c...erals-NTU-Breaking-ground-at-Browns-Range.pdf

From the above report (last paragraph page 2) It mentions that after the governments R&D rebates they expect net cash flows for the pilot plant will be near break even. And back in July when this report was published, Dy spot prices were higher than what they are today.
And in the important disclosures on the last page, Argonaut has acted as Financial Adviser to NTU in the previous 12 months.

Back in June NTU had already received to date 23.6mill of tax payers $'s in the form of R&D. Below is GB himself stating that at around the 6 min 17 sec mark.

And from the below report another 38 mill of tax payers $'s is going to go towards a project that maybe will be break even.
http://www.asx.com.au/asxpdf/20170911/pdf/43m6ty1zfpkpmr.pdf

So to me this is all a pretty big multi million dollar bet, that is pinning all its hopes on a day that the price of Dy will appreciate to a level that a profit can be turned. All along churning through Australian tax payers dollars.

Who are the ones making the dollars from this project?

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