Ann: NTU Milestone - First Rare Earth Carbonate Produced, page-5

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Kb the first carbonate was produced in an on-site laboratory.

: "The rare earth carbonate was produced as part of the commissioning process for the Browns Range pilot plant which is expected to be fully operational by the end of July."
: "This is the precursor to the production of export quality product which the company says it will produce and export this quarter."


I am taking from NTU's latest announcement as conformation that they have no idea when first product will be shipped.
: " commissioning is progressing well and we look forward to the next milestone being the first shipment of product to our customers"
And another thing, is it a deliberate typo in regards to CUSTOMERS, I have seen no information to suggest that they have more than one CUSTOMER.
Ann to ASX 6th April 2017: Sales agreement executed for 100% of Browns Range heavy rare earths Pilot Plant Output.

In relation to dollars, I am of the opinion that they will still receive the upfront $10mill at some time. IMO I believe that JFMAG may have thought that coughing up $10 large for a plant that was unproven at the time could have been a little risky.
IMO I believe that 10mill will cover at least 18 months supply.

I don't believe that NTU are going to be paid $35 a Kg as George Bauk had said in the 7th of May 2018 OzFinancial webcast. I made reference to this back on the 13th of May in post 33061591
Now in regards to this webcast it seems like someone has said Abracadabra and it has simply disappeared off the face of the planet, the same as the first Argonaut report seems to have.
https://www.ozfinancial.com.au/LP/NorthernMinerals-Webcast.aspx

If anyone can link me to either of the above I would appreciate it.

Maybe George in his defense could say that he was tired and he was reading a typo, and instead of $35 dollars it was supposed to be $3.50 a Kg.

At least ASX announcements are etched in stone.

NTU can only hold back the operation costings and the sales figures for a little longer. And IMO they have a very good idea as to how much venture will cash burn.

While the generators have diesel, and the Tanami Desert lights are on, management are still getting paid.


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