Jet They have more than enough to restart this year. 8.5yrs in...

Jet
They have more than enough to restart this year. 8.5yrs in reserves at 100,000 ounces pa and 1.7m ounces in total resource so far. This aggressive drilling program is designed to add years of mine live and seek high grade and look for an underground mine. They have 7 new targets to drill let alone the strike extensions.

What triggers NST
I think they want an operation larger than 100k pa. They would be looking for more resources to justify 200k plus pa imo.
Bring the 1.7m into reserves, find more gold and they would buy it imo. They have spent $28m , and that means it’s all about the timing to me. This gold belt has the goods and they know it.
If they bring the 1.7m into reserves ( just takes more infill) and say they add another 300k (easy imo) then u have 2m ounces. NST could produce 250,ooo pa for 8 years and drive the costs even lower. Then that is a must have.
EAR at 100,000 pa means it could make $50m pa on a previous broker number. Puts them on 3x PE and NST is nearly 28x. You can see why some think it’s only a matter of time. The current weakness is no one like nst eating the stock in the short term. Short term is just that. We are due results and those ongoing results will do the trick imo. Dyor.