NST can't buy many more without launching a takeover. Somebody else is selling. Can't understand why myself. For all the reasons others have been mentioning it seems a no brainer -
1. Very prospective tenement within geological spitting distance of Jundee
2. Desirable from a synergy perspective for Australia's second largest and clearly best goldminer
3. Plant capex is only refurbishment not build from scratch. See RVR for another example of how that can play out. Many people rate the explorer as if they needed all the capital of a greenfield play.
4. Drill bits are spinning with results coming back all the time.
5. Bouncing off strong support at 27c which dates back a couple of years.
Cheers,
Tim.
EAR Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
