Agreed, as mentioned above I think the resource is valuable,...

Agreed, as mentioned above I think the resource is valuable, even though zero economic viability now (or the next several years), in the long-term what seems like fantasy prices now could easily be reality, specialty metals can go to ridiculous prices and still be economically viable.

Not to mention technology changes economic reality all the time, just looking at gold and oil resources can be a great example of this, new extraction methods can make old unviable operations highly profitable, (anyone heard of fracking?).

Reality is China will likely get the resource, ship concentrate over their for them to sell it back to us as finished product, they will send it out of Aus at zero profit and produce all the value at their end, all after receiving our tax dollars and the benefit of all the capital local investors have poured in to this.

BOD should have to answer some serious questions around this company around the accuracy and honesty of announcements, not to mention around the financing arrangements they keep entering into.

Best case scenario says much more dilution to come and no where near hitting bottom, worst case admin by Christmas, holders may receive some coal in their stocking this year by the looks

Ps: nro why buy but "not held"? Seems inconsistent