NTU 0.00% 2.0¢ northern minerals limited

Ann: NTU - SPP closes with $11.7 million raised, page-29

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  1. 1,742 Posts.
    lightbulb Created with Sketch. 86
    No links then ?
    Don't you mean stumbled ? Just like you they seem to have an uncanny knack for backing the wrong horses if the paper below is any indication,

    https://www.google.com.au/url?sa=t&...=18&ID=15667&usg=AOvVaw2y7kQQAbehPvljtJYF890-

    "We tentatively estimated that production would start in 2017, which was based on BCN timelines. The study detailed capex of US$485m and a US$6,500/t LCE price, and we applied a 10% discount rate to reflect general equity risk. On this basis, we valued REM’s effective 42.04% (previously 41.75%) of Sonora at 2.35p (previously 2.40p) per share. "

    Seeing how Bacanora is still only at FS stage, ORE & GXY producing and LCE more like 3x Edison forecasted price I'd expect Dy prices to be in the $600+ range and their prediction is
    busted.png

    I guess what they say about birds of a feather and all that must be true.
 
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