Big dose of reality, page-48

Doesn't have a clue what NTU 52% mixed HRE concentrate is worth or what operating cost will be but sure, why not, the R&D pilot plant will be profitable

Chinese couldn't give a stuff about NTU which has been proven time again with the multiple failed funding agreements. And another about to fail again soon with the $10m from their off take partner nowhere to be seen. Management were expecting the pre payment during March quarter. Only a few weeks left now, tick tock.

China must be having a good laugh. Australian tax payers funding a loss making R&D pilot plant to supply China with a cheap 52% mixed HRE concentrate.