Never stated they they were not aware. I have no doubt NTU and JMAG know exactly what the 52% mixed con is worth. 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.
I am simply pointing out the facts, if you are offended or upset by that well tough.
Are you aware of the failed Jien Mining and Huatai mining funding deals? If so you wouldn't be surprised if the pre-payment doesn't happen. All it states is JMAG have agreed to make a pre-payment. I view it as an MOU rather than an binding agreement. Whats NTU going to do if JFMAG dont make the pre-payment, withhold supply lol.
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.
NTU Price at posting:
8.5¢ Sentiment: Sell Disclosure: Not Held
(20min delay)
