Ann: Diggers & Dealers Presentation, page-140

Just read about NST's Alaskan Pogo mine acquisition.....it's sombre reading

"Executive chairperson Bill Beament said Pogo is a world-class project with an 8-million-ounce endowment, and has produced 3.8-million ounces, at 13.6 g/t gold over the past 12 years, at an average rate of 300 000 oz/"

For me, this provides insight into NST think, how they value, how they hunt.

EAR management just got a reality chec....a point of reference if you like. I'm not comparing the two (they're two different beasts), but hey, as our biggest holder, this means something. Given they just splurged $350M, it's not likely our hopes of an NST takeover will eventuate soon.

EAR can do this...do it alone, bring it online and forge ahead....the first 4 years are ok, and drill drill drill.....NST aren't going anywhere but they're not our savior anymore.

Donald "is what it is" Frumpies