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2.0¢ northern minerals limited

Is it time for Care and Maintenance?, page-26

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goofy

5,056 Posts.

242

22/11/18

16:37

Post #: 36606451
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Originally posted by ausheds: ↑

Very simple equation, that can't be corrupted by any amount of gobbledygook, the lower the grade the higher the cost of extraction (if only by mass that needs to be processed), the greater the vulnerability to mkt price.

Clearly the process designed here is way too skinny to make anything like the recoveries necessary to meet the specs on a bare 52% con, nearly 60% of which is Yttrium anyway.

So now they are promoting extra costs and delays to add magnetic separation on a wing and a prayer to make the 52%, that's not remotely economic in anyone's fantasy to start with.

Anyone promoting a Buy scenario here really should look at a managed fund.

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But you have to take into account "future prospects" where you can make up whatever scenario you like to justify your investment decision or sentiment. As an example, NTU forecast DyO price of A$600/Kg+ lol

NTU Price at posting: 6.9¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $135.9M

Open	High	Low	Value	Volume
2.1¢	2.1¢	2.0¢	$43.20K	2.072M

Buyers (Bids)

No.	Vol.	Price($)
11	2298508	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	2046207	9

View Market Depth

No.	Vol.	Price($)
7	389264	0.083
1	100000	0.082
3	26500	0.081
6	683055	0.080
1	102400	0.078

Price($)	Vol.	No.
0.084	125000	1
0.085	2235656	8
0.086	308648	5
0.087	418480	5
0.088	398808	3

Last trade - 16.10pm 22/11/2024 (20 minute delay)

NTU (ASX) Chart