Ann: Company & Phase 3 Expansion Update & App 3Z, page-64

I believe in cash receipts, sales are fine but its cash in the bank that counts. I've already explained the problem in India where companies never get paid. If the money isn't in the bank then its not worth doing the job. You'll only lose money. I've been in business for 40 years and only once I wasn't paid in full and the bloke took off to WA.
Since then its no splash with no cash.
So its cash receipts in my book.

So this is from NSL now IOR sales from ASX announcements.
Sales Dec qtr 2015 = $7000
Sales Mar qtr 2016 =$6000
Sales June qtr 2016 =$11,000
Sales Sept qtr 2016 =$4,000
Sales Dec qtr 2016 =$3,000
Sales Mar Qtr 2017 =$3,000
Sales June 2017 Qtr = $10,000
Sales Sept 2017 Qtr = $181,000
Sales Dec 2017 Qtr = $382,000
Sales Mar 2018 Qtr = $173,000
Sales June 2018 Qtr = $928,000 a marginal improvement but still losing $1.5 million
Sales Sept 2018 Qtr = ?
TOTAL $1,708,000
What a great effort for an iron ore miner.
So in nearly 3 years NSL (IOR) has made $1,708,000 in sales of iron ore.
NSL (IOR) has never been paid $65/tonne.