NTU 0.00% 2.0¢ northern minerals limited

Why, you think I may have plucked the number from thin air like...

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  1. 1,742 Posts.
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    Why, you think I may have plucked the number from thin air like you did ? I told you it was all in the announcements if you took the time to read it carefully.
    In about 8 months when NTU will be ready to sells its first shipment I expect them to get more like $30/kg due to increase in dy prices and exchange rate but we'll have to wait and see.

    Anyway the selling price of a product is only part of the equation and to turn a profit you have to take into account the cost of production which includes cost of debt. The prepayment of $10m will help to keep NTU debt to a minimum and make sure it doesn't follow the same path as your beloved SS Titanic where total cost of production is higher then selling price because of the high debt. And just in case you're tempted to point out to the minor debt reduction I'd like to remind you that even with record high ndpr prices ot took some debt forgiveness and a 2/3 reduction of the interest rate to achieve that.

    On your ship the higher ndpr prices are acting like a bilge pump and helped your ship to stay afloat a bit longer but as the prices retreat so is the charge in the battery running the pump. Interest rate repayments is the tip of the iceberg that has punctured the hull below waterline and causing your ship to sink
    Oh and that fog you think you see is more like smoke and mirrors used by rats to give the illusion of smooth sailing while they get away with the lifeboats before another iceberg hits and sinks your ship. But hey , what would I know...

    If you don't mind maybe we can continue this discussion next year when NTU sends out the first shipment so you can tell me how wrong I was to stay on-board NTU , if the sharks circling your ship didn't get you first that is.
 
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