As the saying goes, it takes a mine to build a mine. NST has got 3 operating mines and can easily afford all or half of Sulphur Springs. But the issue here is what price for the 50%? VXR current market cap is $40M, with $80M in accumulated losses (tax asset). What is the value of Sulphur Springs, not to mention Whim Creek? The current SP does not scream near-term developer at all.
