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Am I reading this right, the Phase Three output is to be 400,000...

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02/08/18

08:37

Post #: 34681736
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Originally posted by rocket973 ↑

Greedy, you should read or re-read the quarterly properly.
Where is the positive cashflow?
As I stated earlier, the development costs are the production costs. Otherwise where are the production costs.
The item has been put in item (b) instead of item (c).
If you look back over every Quarterly report over the past year it is the same. No production costs, only development costs.

I don't know why IOR (NSL) shareholders haven't picked this up.
Surely you read the cashflow reports?
Over the past 12 months there has been no production costs...... NIL
This is extremely poor accounting when the item can't be placed in the correct column.
This is actually dishonest and obviously fooling a lot of people.

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Am I reading this right, the Phase Three output is to be 400,000 ktpa, that's 400,000,000 tonnes per annum?

IOR Price at posting: 12.0¢ Sentiment: None Disclosure: Held
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