Ann: December 2017 Quarterly Activities Report, page-30

Shows how little you know.

You can't chart a gold mine!!!!

Vivien is one of half dozen mines that RMS is operating and developing and Andy Well was one of two mines that DRM operates/operated.

You can't compare Vivien to Jundee or Kundana or any other gold mine. They all exist within a company, a balance sheet and within a market expecation which is calibrated by rigid and sometimes stupid factors. There are no pretences when it comes to RMS's disclosures on Vivien. It was bought for a price and will be developed and mined totally within the limits of its expected returns. It was never cast as a long life mine and Andy Well failed because it. firstly it as cast for more than it is and secondly needs a bottom up mining method. I never trusted the old DRM management and I don't trust the new lot either (the Da Vinci code belongs in the movies).

NST's move to reporting based on "mining centres" is a blurring tactic IMO. Better to report on a mine by mine level with full clarity. Grouping the KB, EKJV and 100% Kundana tenure all within the embrace of the "Kalgoorlie" operations means investors are left guessing as to the performance. What's more these operations aren't even at Kalgoorlie (they are on the 1 as to 100,000 Kalgoorlie map sheet, that's all). Plenty of barren ground on that sheet.

Paulsens looks like it is finished and the Tanami acquisition has been very very slow to get off the ground.

Let's state it frankly (forgetting about some small AISC cost differences for one moment, which can easily change from quarter to quarter, year to year).

RMS's expected quarterly gold production (for the Dec 2017 quarter) = 58,012oz

RMS's market cap = $230 million

NST's quarterly production (for the Dec 2017 quarter) = 139,56oz (=2.4 x RMS's production)

NST's market cap = $3,250 million (= 14.1 x RMS's market cap)

You can't chart gold mines!!!!!, only esoteric things like "gold stocks" and that's where you'll make your mistake.Esh