RE: RE: RE: CIBC article and TATA OK!
Tata's participation is a no brainer barring a major downturn in the economy in the next 24 months, and even then when economy turned they would develop . . . why would TATA continue to buy 4.5 billion$ per year of ore on the world markets when they can produce it for 25% of world prices and pay off the capitol cost in 3 to 4 years and thereafter have a 100 year supply of ore from a stable region??? At the rate of 25 million tons per year at 180$ per ton, we are talking a value of $4.5 billion dollars of ore PER YEAR on world markets.
Every indication is that they will proceed and based on what the majors are doing I expect NML to produce more in the area of 40 billion tons per year!
But also a major plus for NML which has not been included but will add greatly to shareholder value in the next while is the probability of new major resources confirmations, we could have in the NML portion of the Mellinium range several other Keymag / Labmag type deposits.
Every and I mean every indication is that this project will become a major and extreamly profitable venture for all including NML shareholders . . . I have no doubt, again barring major upheaval that NML shareholders will be greatly rewarded . . . our shares will trade at near CIBC values shortly and 2016 at least $30.00 per share!!! and $50.00 would not surprise me!
Yes do your own DD but my advice buy and hold NML!!!