Ann: NTU - Presentation Argus Specialty Metals Week 18 April 2018, page-4

Goofy It seems to be the way they choose to inform the investors, bury it in the detail.

Back on the 2/2/2018 an Amendment was made to a previous announcement.
The Amendment was:
"Forecasts previously announced on the ASX on 4 February 2016 in two announcements, New business plan to take Browns Range into production and presentation of the business plan."
This is the business plan that separates the project into three stages which is in response to the current rare earth market which has seen the lowest rare earth prices in years.

Since Feb 2016 business plan Dysprosium prices have only fallen further.
As it says in this business plan it cross-references the 2015 DFS, the DFS in which they use an average realised LOM Dysprosium price lower by 5.5% to US$684 Kg.

Why are NTU still paying out for pumping/advertising/ presentations/ and road shows of this project when they have a sales agreement that is going to take all of its product for the pilot plant?
Is the share price of concern?
NTU seem to be ever diluting the share holders, got to love section 6D.2 of the corporations act, new shares issued without disclosure.
What price would you put on a company if its only way of survival was the Governments 43.5% R&D rebates?
If you knew that you were going to be cash flow positive, wouldn't you be shouting it from the roof tops in all of your paid presentations.

As this project is marketed around Dysprosium and EV revolution, one maybe should learn the Dy and EV market and prices associated with them before believing that DyO price will some day miraculously double or triple as some seem to believe it may.

You can’t say that NTU hasn't informed you.
But you can say that they have not informed you that they will be running at any sort of profit.


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