So far NTU has already spent nearly 100 million dollars, 23.6 million dollars of tax payers money. The latest 4.8 million from tax payers from the building better regions fund, and another 32 million of tax payers money expected R&D over the 3 year life of the pilot plant.
Total of 60.4 million of tax payers $'s, can see why they call this the lucky country.
And all this to run a 3 year pilot plant that may IF LUCKY, and I say "IF" lucky, may break even over 3 years! and that is information from their website.
So a loss making venture over 3 years, and who stands to profit?
It seems to be that NTU are VERY VERY selective as to what they publish on their web site under their Investor Centre ASX ANNOUNCEMENTS Quick to put up the (7/8/2017 release) of 4.8 million from the federal gov. But along with other announcements where is the minuscule (14/6/2017 release) of another LIND 14 million funding agreement.
GB still pushes a story that "people in the magnet industry have talked about back calculating what they can afford of Dysprosium going into a permanent magnet um and that's about $700 US a kg"
All of the above is out there in the public domain if you wish to research.
I will keep following what I believe to be a venture that is only going to benefit a few, a few that have already done quiet well out of this company.
Yep, and there it is, the NTU pump courtesy of ASX advertising (Dysprosium price jump ...---.---) has already been added to their website.
Cheers.
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