ALY 2018, page-61

No worries bluebird.

Hey, you have been here for a few years now. Care to tell more?

Re NST, Plutonic was its worst-performing mine. It had a high AISC ("all-inclusive sustaining costs"), so it was not surprising that it sold it. What also surprised before the sale was announced though was the advice by NST that it had been approached to sell it. I was sceptical of that comment at the time.

However, the scepticism was ill-founded as the (one of?) interested party bought it; and not only that, but NST took plenty of shares in the new company then yet to be formed as part of the deal, knowing I expect that its only asset was going to be the Plutonic mine, Hermes etc. Now, that should tell us a fair bit about the area, but even so I am still somewhat perplexed about it all. Comments from people with thoughts on all of this would be appreciated.

The upshot though is that NST has a 19.2% share in Superior Gold and about 15% in ALY itself.. It must still have good thoughts about Plutonic, Hermes and Wilgeena (part of the jv with ALY); and that's food for thought, eh!