Great deal for all! And we hold the range!
This is a great deal for NML and TATA and it is interesting to note the time lines of development and the potential NML share appreciation which by all indications is in line with almost everything I've stated about this fantastic resource.
For all longs you will note that I'd suggested a share price of about $35.00 by 2013 to 2016 and in the short term a price of at least $6.00.
In addition and even more exciting for me was the fact that we were not bought out! But the best part of the release is the fact that NML can still wheel and deal re the Mellinum range as the deal only relates to Labmag and Keymag of which you can be sure TATA will develop (you can bank on it) and also you can be certain they will produce more than the stated 22 million tons, my guess would be 30 million or more thus we may see NML at 45.00 instead of 35.00
The rest of the multi billion tons of resource in the range which NML controls and which is not part of the TATA deal will be developed also! I expect they will have at least a couple of more Labmag/Keymag type deposites. How about a partnership with another steel maker and a cost sharing arrangement between two majors in our future! All while NML shareholders enjoy the profits and who knows, how about a share price of 80.00 in 2018!!!