NTU 2.50% 2.1¢ northern minerals limited

Big dose of reality, page-61

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    Even an NTU SH has unwittingly admitted the pilot plant will be a loss making operation. The post was moderated for vile language but the estimate for NTU 52% mixed con was $25/Kg. No idea how that poster worked it out, I suspect the number was pulled from you know where, but a recent NTU funded company report published by Hallgarten & Co used $38/Kg operating cost.

    So that NTU SH estimates the pilot plant will be losing $13/Kg yet has the audacity to call posters like myself a downramper for accurately calling this companies demise. Some people really need a reality check, and it’s coming soon.
 
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