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NSL Consolidated (ASX: NSL)

NSL Consolidated (ASX: NSL) has been working up a plan to extract high-grade iron ore in excess of 60% Fe, with the commercially-lucrative appeal of being an ultra-low-cost producer.

Thus far it is making a good fist of its ambition through its operations within the growing Indian economy – in fact, NSL is the only foreign owned iron ore producer in the Indian market.

Recently, NSL announced a purchase order for 20,000t of high-grade iron ore secured from Infinity Ores. It follows on from a 4,000t purchase order from BMM Ispat.

Given NSL’s current rate in acquiring new customers, combined with its broader expansion plans that include a full-scale steel mill and eventually, around 2.5 million tonnes of 65%-grade iron in annual production, it looks to be moving forward at a rapid pace.

Currently valued at $69 million by market cap, NSL is now making a beeline for multi-million dollar revenues in the coming months as it continues its steady progress.

NSL has proven its iron-ore grade and quantity, and has now validated its entire business case with its first sales agreement, before its Phase 2 beneficiation plant has even been completed.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

NSL is now formally approved by the Indian government to utilise 250 acres of land for its pellet plant, and 750 acres for the steel plant – which will allow NSL to extract value from a larger part of the iron ore value chain.

The company is now on the verge of opening its first iron ore mine, recording its first iron ore revenues and establishing a clear production path with first-mover advantage attached.

 

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S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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