Ann: Central Tanami Project Update, page-34

Been buying a few under .044 the last few days and have built a nice position.

5.6m cash at bank and approx 2.3m shares in NST @ 4 dollars = 9.2m (ex divi) = 14.8mcash/cash evq.

Will be interesting now ABU is on a roll, if the extend the agreement pastes July 15th. I think they will....even with MLX at the helm.

I am assuming 50k produced min @ ASIC 1000 and POG 1600 (its going higher but ill be conservative) before expenses/tax = 30m profit PA. EPS is .026c and rising... we can get a P/E of 5 = 13c and a 10 p/e 26c price targets.

Is doesnt take into account HIGHER production/ POG / and expansion by TAM into other projects/ More ounces found. Early stage play here for the coming giant moves up in Gold...

Await court date for now.....

Any thoughts from anyone ?