Re: NSL - NSL Health
Some nice words and pickeys from Brantley on Share Scene worth a look i feel interesting and profitable times ahead for NSL holders no wonder BHP are lurking hey
Hi All,
More than one dimensional. JMHO
All the discussion so far has only mentioned the Iron Ore Hill Joint Venture.
In the Dec. Announcement there were additional Iron Ore resource potential projects mentioned:
Kerala Regional � Pursuing land access agreements to up to six potential prospects.
Karnataka and Goa � Pursuing the evaluation and securing of option agreements over 2 additional major Iron Ore resources
From the Dec. Announcement:
Iron Ore Hill � Joint Venture with NSL Health who are contributing the $0.4 million to earn a 25% interest for the first phase of exploration; and
Kerala Regional � Pursuing land access agreements to up to six potential prospects identified through geological data reviews in the Kerala region outside the area defined for the Iron Ore Hill joint venture.
Karnataka and Goa � Pursuing the evaluation and securing of option agreements over 2 additional major Iron Ore resources one in each State of Karnataka and Goa.
http://geokarnataka.blogspot.com/2007/04/iron-ore-resources-of-karnataka.html
The Iron Ore Resources of Karnataka
Karnataka is endowed with rich deposits of iron ores;
with approximately 9.03 billion tonnes or about 41% of India�s estimated total haematitic and magnetitic iron ore resources (Table 1).
Iron ore mining industry is on the fast track growth in recent years consequent on high demand for iron ore in the global market especially from China.
Goa background information on Mormugao Port as the premier iron ore exporting Port of India with an annual throughput of around 18 million tonnes of iron ore traffic. It ranks within the first ten leading iron ore exporting ports of the world.
Mormugao Port enjoys an enviable position amongst the major ports. It is the premier iron ore exporting Port of India with an annual throughput of around 18 million tonnes of iron ore traffic.
The Port accounts for about 50% of India's iron ore export and ranks within the first ten leading iron ore exporting ports of the world.
Though ore is the predominant cargo, there has been a steady increase in liquid bulk and general cargo traffic ever since its joining the ranks of the major ports of India. Since 1992, there has been a regular container service from the port and the container traffic has registered a rapid growth within a short span of time.
Excellent facilities, high productivity, streamlined administration and a dedicated workforce all go towards making this Port one of the most efficient on the Indian subcontinent. With all these attributes, Mormugao Port has tremendous potential to cater to the needs of trade and industry, and to contribute to the economic development of the Nation.
Also in the Dec. Announcement the following was mentioned which could imply an update announcement on the Iron Ore Hill Joint Venture as well as an update on the Kerala Regional projects and the Karnataka and Goa projects.
//The JV committee had an informal meeting in late November 2007 to discuss exploration strategies, and in light of new information being recovered will meet again at the earliest opportunity to plan and budget Stages 1 & 2 of the proposed exploration activities (Annexure A).
The JV will need to reach agreement with respect to tonnage and grade too meet "equivalent value" for the Exploration Potential and JORC Inferred Resource milestones set out in JV Agreement and Option Deed (Annexure A).//